4709 Nogal St - Commercial LAND FOR SALE


San Diego, CA 92102- Lincoln Park11,326 SF
$3,900,000 USD
714-423-0419
4709 Nogal St, San Diego, CA for Sale
$3,900,000 USD
Commercial LAND - FOR SALE
1/4
11,326 SF

4709 Nogal St
San Diego, CA 92102
Lincoln Park


HIGHLIGHTS

  • 0.26-acre infill mixed-use development in Qualified Opportunity Zone, sponsor seeking $3.9 million with a strategic recapitalization partner.
  • Ideal for developers, multifamily operator, Opportunity Zone sponsor, family office, or capital partner seeking an advanced development platform.
  • Established Qualified Opportunity Fund (QOF)/Qualified Opportunity Zone (QOZ) corporate structure.
  • Great for recapitalization, joint-venture, or control structure - subject to legal, tax, securities, & Qualified Opportunity Zone compliance review.
  • Experienced nationally recognized design team, institutional-quality underwriting, and complete development and operating budgets included.
  • Incoming partner acquires project control and development rights to complete capitalization, permitting, construction, and project delivery.

OVERVIEW

Mayflower on Nogal is a 0.26-acre mixed-use multifamily development located within a federally designated Qualified Opportunity Zone (QOZB) in San Diego's Lincoln Park neighborhood. The project is planned for 117 residential apartments, five retail spaces, and 85 covered parking spaces, with direct access to Interstate 805 and the greater San Diego metropolitan area. This opportunity is ideally suited for qualified developers, multifamily operators, Opportunity Zone sponsors, family offices, private equity real estate investors, and strategic capital partners seeking control of a substantially advanced San Diego development platform. The incoming development partner acquires project control and development rights, while the sponsor retains a 22% ownership interest through rollover participation, creating meaningful alignment throughout capitalization, development, and stabilization. Existing development platform, underwriting package, development work product, and Qualified Opportunity Fund/Qualified Opportunity Zone framework included with 4709 Nogal Street. Unlike a traditional land acquisition, 4709 Nogal Street conveys a significantly advanced development platform, including completed financial underwriting, an established Qualified Opportunity Fund (QOF)/Qualified Opportunity Zone (QOZ) structure, operating agreement framework, project schedules, permitting strategy, and comprehensive development documentation. Building plans are currently being finalized for permit submission. Based on the current permitting process, water-line relocation has been identified as the principal remaining pre-permit infrastructure item, with the remaining permit-phase scope, schedule, and budget incorporated into the overall development plan. Key milestones include the Qualified Opportunity Zone Safe Harbor expenditure deadline of August 31, 2030, with targeted construction completion by December 2029. The financial model assumes long-term stabilization with an investment horizon extending through Year 10. This offering represents a compelling, execution-ready investment supported by a substantially completed pre-development program and significant sponsor investment. With an established QOF/QOZ structure, institutional-quality underwriting, and a clearly defined permitting pathway, 4709 Nogal Street provides investors with a rare opportunity to assume control of an advanced mixed-use development within one of Southern California's most supply-constrained multifamily markets. The diversified residential and retail program, combined with continued sponsor participation through retained ownership, provides strong sponsor alignment while positioning the investment for long-term value creation and institutional-quality risk-adjusted returns.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/ACRE

$15,000,000/AC

PRICE/SF

$344 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

0.26 AC

LAND SF

11,326 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM-2-5

APN/PARCEL ID

547-313-42-00

ASK ABOUT THIS PROPERTY

Moe ParukMo ParukMore Info
714-423-0419

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Moe ParukMo ParukMore Info
714-423-0419

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