14th & Market Development Site
Land | 20,037 SqFt
Marketing description
CBRE is pleased to offer for sale the 14th & Market Development site in Downtown San Diego’s East Village Submarket located at 1425 Market Street. The +/- 20,037 Square Foot covered land site offers an exceptional opportunity for the development of an institutional quality Class A mixed-use residential tower in one of San Diego’s leading downtown neighborhoods. The site’s advantageous zoning allows for the development of a mixed-use project with up to a 15.0 floor area ratio (FAR) through base zoning and density bonuses, or a developer could unlock an unlimited FAR through the utilization of San Diego’s Complete Communities Housing Solutions.
Investment highlights
+/- 20,037 SF Lot Near Petco Park & East Village Redevelopment
Up to Maximum 15 FAR w/ Bonuses, Unlimited FAR w/ Complete Communities
Panoramaic Views of Downtown, San Diego Bay and Coronado Bridge
Two Blocks from Park & Market St Trolley Station
Approx. $250,000 Gross Annual In-Place Income
Walking Distance to Numerous Amenities Including Petco Park, The Gaslamp, Convention Center and Numerous Bars and Restaurants
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