702 Market Street is a rare urban infill development site in the heart of Downtown San Diego. Situated at the intersection of Market Street and 7th Avenue, the ±10,000 SF (±0.23 acres) site offers one of the most flexible and scalable development platforms available in coastal California — zoned to support multifamily, hotel, office, and mixed-use development with a base FAR of 6.0, scalable to 10.0+ through available bonuses, incentives, and transfer mechanisms.
As a previously entitled hotel development, this project may be advanced thruogh updated permitting aligned with current codes. Seller open to participation in hotel execution.
The Property generates near-term parking revenue driven by proximity to Petco Park, just four blocks away. The Padres ranked second in MLB attendance in 2025, drew a record 3,437,201 fans, and sold out 72 of 81 home games — making the surrounding blocks among the most reliably trafficked in
downtown San Diego.
Continued population growth, constrained supply, and San Diego’s global tourism appeal create a compelling backdrop across all viable uses, making 702 Market Street a singular opportunity to deliver a signature project in one of the West Coast’s most resilient urban environments.