1674 Newton Ave - Residential LAND FOR SALE


San Diego, CA 92113- Convention Center21,310 SF
$3,400,000 USD
808-271-5252
1674 Newton Ave, San Diego, CA for Sale
$3,400,000 USD
Residential LAND - FOR SALE
1/6
21,310 SF

1674 Newton Ave
San Diego, CA 92113
Convention Center


HIGHLIGHTS

  • Coastal Overlay Zone: 2.5 FAR
  • Recently Updated RM-3-7 Zoning
  • Blocks Away from Downtown and Petco Park
  • Very Walkable Location (89 Walk Score)
  • Direct Major Freeway Access (1-5 Freeway)

OVERVIEW

CBRE is please to present 1674 Newton Avenue, a rare land redevelopment opportunity in the energetic and rapidly gentrifying neighborhood of Barrio Logan in San Diego –which is currently undergoing substantial revitalization and investment momentum. 1674 Newton Avenue has been recently rezoned to RM-3-7 zoning, which on its own allows for by right high-density multifamily development. However, the property is also located within Complete Communities Coastal Zone, which provides for additional density up to a 2.5 FAR in addition to providing a unique regulatory framework for future redevelopment. Developers of the site may explore opportunities for additional density through programs such as California’s Density Bonus Law as well as applicable City of San Diego housing incentives. The subject property’s location within the Barrio Logan submarket is directly adjacent to one of San Diego’s most vibrant restaurants scenes and cultural hubs, in addition to being within walking distance of various public transportation options and having direct freeway access only 3 blocks away. As a redevelopment site, 1674 Newton Avenue offers a compelling balance of zoning flexibility, coastal adjacency and urban connectivity. Its combination of high-density residential entitlements, Coastal Zone positioning and irreplaceable central San Diego location makes this opportunity especially well aligned with current demand for new housing within supply-constrained coastal submarkets.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/ACRE

$6,950,194/AC

PRICE/SF

$160 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.49 AC

LAND SF

21,309 SF

OFFSITE IMPROVEMENTS

Irrigation

ZONING

RM-3-7

APN/PARCEL ID

538-030-33

ASK ABOUT THIS PROPERTY

808-271-5252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

808-271-5252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.