Discover a prime investment opportunity in Lakeside with this 2.5-acre lot offering tremendous potential. The property comprises of 5 lots, with 3 falling under SB-9 zoning, allowing for the construction of up to 8 homes. Positioned in a sought-after Lakeside submarket, this property is an ideal prospect for developers and investors. The sellers are open to financing with a reasonable 25-30% down payment, and terms are negotiable, providing flexibility to match your financial preferences. Considering the robust demand in Lakeside, where the average new construction home sale is $1,000,000, this project holds the prospect of an impressive $8,000,000 in total revenue —a testament to the substantial return on investment awaiting savvy developers or investors. Don't miss this opportunity to turn location and zoning advantages into a lucrative residential development project at Ha Hanna Rd.
Property Type :
Land
County :
San Diego
Style :
Land
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ByOwner last updated this listing 05/19/2024 @ 23:03
MLS: 240008253SD
LISTED BY: Daniel Sipher, JLM Real Estate Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
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.
