National City Development Opportunity
Mixed Use
Marketing description
Lee & Associates & Allied Commercial Properties are pleased to present the unique opportunity to acquire an approximately ±56,412 SF development site in the heart of the National City Downtown Redevelopment Zone. The site boasts the highest development density in the downtown redevelopment zone with a maximum footage allowed of 338,472 SF and height limit of 250 feet. The site is zoned mixed use and detailed information on zoning and allowed uses can be found in the Land Use, Zoning, And Development Standards included in this package. The site is currently occupied by several month to month light industrial and auto related tenants providing cash flow and flexibility for a new owner. This site is almost a complete city block and a potential buyer has a high likelihood of acquiring the entire block for a total of 62,510 SF
This zone, currently occupied by a mix of residential, commercial, and light Industrial uses, is proposed for higher density mid-rise multi-family residential, Hotel or professional office development, with ground floor Pedestrian-oriented retail and/or office along national city boulevard and Along roosevelt avenue. These parcels are farther from the pedestrian-scale Shopping activity on 8th street and from the adjacent single-family Neighborhoods, so greater density and height is encouraged. These Development sites also offer the potential for long views to the bay from Upper floors. Primary uses envisioned for these parcels are multi-family Residential, but the parcels may also be developed as mixed-use, with a Combination of residential, office, and hospitality uses.
Investment highlights
- Land Size: ±56,412 SF
- Addresses included:
- 1010-1040 National City Blvd
- 1031 Roosevelt Ave
- 40 West Plaza Blvd
- 25 West 11th St
- APN’S:
- 555-113-04 | 555-113-05
- 555-113-11 | 555-113-12 | 555-113-13
- Zoning: MXC-2
- FAR: 6:1 maximum / 3:1 minimum
- Maximum Units: 263
- Views: Potential for panoramic ocean views with future development
- Permitted Uses: Mid-rise multi-family residential, street-oriented retail, office, and/or hospitality (retail uses should not exceed 20 percent of the total development)
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