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29998868

238 Palm Ave, Imperial Beach, CA 91932

SP
CA CA 01210272
Colwell Realty IB, Inc
Listed by Colwell Realty IB, Inc
$3,990,000
96 days on market
Updated 79 days ago

Palm development

Details
Property Type Land
Sub Type Commercial, Residential
Square Footage 13,000
Tenancy Multi
Pro-Forma Cap Rate 17.15%
Pro-Forma NOI $684,140
Price per SqFt $307
Broker Co-Op Yes
Lot Size (SqFt) 13,000
Zoning CM
Parking Spaces 18 spaces
Parking Per SqFt 1.38
Ownership 100

Shovel Ready Development, Ocean Views, Vacation Rental Zone

Marketing description

Property Overview

Shovel-ready new development featuring mixed-use commercial and multi-family units. The sale includes land, approved plans, and permits, offering a seamless start for your investment.

Features

  • Enjoy breathtaking ocean, bay, and mountain views from this high-end contemporary community just one block from the beach.

  • The project spans three stories and includes 15 total units: 1 commercial space and 14 residential units (5 two-bedroom and 9 one-bedroom apartments).

  • Ample off-site parking is provided with 18 dedicated spaces.

  • Approximately 13,000 square foot lot designed with contemporary architecture and an emphasis on luxury living.

  • Eco-friendly features such as low-maintenance landscaping and solar power add lasting value and appeal.

  • Beautiful outdoor spaces include a central courtyard, perfect for relaxation and community gatherings.

  • The project is recognized by the City of Imperial Beach and the Coastal Commission as a model of modern development.

Location & Community

Located on a prominent corner in the highly sought-after vacation rental zone, this property sits in a vibrant beach community nestled among three bodies of water. Residents and visitors enjoy stunning coastal views and easy access to four major military bases, making the area popular for both short-term and long-term housing needs driven by military demand and international guests.

The prime location is just one block from the beach and offers convenient access to the airport, downtown San Diego, Mexico, and top tourist attractions. Imperial Beach is a quiet, walkable, and friendly city that welcomes people of all ages. Residents can enjoy activities such as watching dolphins play, At the pier there is Dinning ,casual fishing, wave watching and SeaLife, exploring two estuaries for travel and birdwatching, biking along 25 miles of trails, surfing, windsurfing, stand-up paddleboarding, jet skiing, and boating on the bay. Excellent public transportation services run every 7–15 minutes, further enhancing accessibility.

Investment highlights

Shovel-ready new development featuring mixed-use commercial and multi-family units. The sale includes land, approved plans, and permits, offering a seamless start for your investment.

Listing Contacts

SP
CA CA 01210272
Colwell Realty IB, Inc
Listed by Colwell Realty IB, Inc

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Additional Information

Name
Soraya Pizzey
License
CA 01210272
Brokerage
Colwell Realty IB,Inc
Brokerage Phone
6196166455
Title
Real Estate Broker Associate
Brokerage Address
134 Palm Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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