REDUCED PRICE $100,000: The unimproved property is located at the gateway of the Third Avenue Village District, a strong Chula Vista location with proximity to the Bay Front, San Diego Trolley, and abundant retail. This property features a walk score of 91 and is walkable to shops, restaurants, businesses, services and the weekly farmers market. Located one-half block from the intersection of 3rd Avenue and E Street, the rectangular lot totals 10,478 square feet (0.24 acres). The property is zoned for very high-density use based on a FAR of 2.0 and a 45-foot height limit. The property is improved with an asphalt parking lot. The property is within the Chula Vista Urban Core Specific Plan Area, which would allow multiple uses, including high density residential development. Conceptual plans originally designed for a 20-unit senior housing project were submitted to the City of Chula Vista in 2020. However, the recent enactment of State Law AB 2097 would allow a developer to use the existing conceptual drawings as an all age, market rate project, or redesign the project with potentially more market rate units with zero parking requirements.
Property Type :
Land
Subdivision :
Fallbrook
County :
San Diego
Style :
Land
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ByOwner last updated this listing 05/19/2024 @ 18:08
MLS: 240005968SD
LISTED BY: Eric Comer, Eric D. Comer, Broker
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
