National City, CA 91950,945-1003 N Avenue
National City, CA 91950,945-1003 N Avenue
National City, CA 91950,945-1003 N Avenue
National City, CA 91950,945-1003 N Avenue
National City, CA 91950,945-1003 N Avenue
National City, CA 91950,945-1003 N Avenue
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$2,300,000

$2,400,000

4.2%
Est.Price: ?

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Est. payment /mo

1.58 Acres Lot


SOLD DATE : 11/21/2021

Key Details

Sold Price $2,300,000

Property Type Commercial

Sub Type 2 on a Lot,3 on a Lot

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 210028137

Sold Date 11/21/21

Lot Size 1.576 Acres

Acres 1.6

Property Description

Amazing Investment and Re-Development Project. This is a RM-3 zoning and Opportunity zonw could be built up to 45-75 units per acre according to National City Planning Office. There are 2 (Two) adjoining lots 5571801600 and 5572500100 total of 68635 Sqft. totaling 1.575+ acres which allows up to 118 units also buildable up to 9 (Nine) stories. Property sits higher than other , this will also give great View Property as well. Lots are very close to E. Plaza Blvd which is just 2 blocks to 805 freeway and close approximate to Shops, Markets as well as Restaurants. Could also be Amazing Project for Condominium Complex with views as well as Apartment project. Value is On The Land. Current comps for units built is $400K to $480K National City is experiencing unprecedented Growth and will continue to grow, prime investment opportunity. VALUE IS ON THE LAND FOR APARTMENT OR CONDO PROPJECTS

Location

State CA

County San Diego

Area National City (91950)

Zoning RM-3

Interior

Heating Floor Furnace

Flooring Hardwood, Tile, Vinyl

Laundry Owned

Exterior

Exterior Feature All Auto Sprinklers, Auto Front Sprinklers, Auto Rear Sprinklers, Cable Available, RV Parking

Garage Spaces

Roof Type Shake

Building

Story 2

Lot Size Range 1.5 through 2.5 Acres

Others

Space Rent $65,400

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Orr Olson • Orr Olson Broker
Bought with Orr Olson • Orr Olson Broker
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+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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