Description

Exceptional urban infill development opportunity at 32nd Street and Broadway in San Diego’s Golden Hill neighborhood. The property consists of approximately 37,026 square feet of fee-owned vacant land, together with approximately 8,330 square feet of vacated Broadway paper street, creating an estimated total development footprint of ±45,356 square feet. The site is zoned RM-1-1, located within a Qualified Opportunity Zone, and positioned near Downtown San Diego, major freeways, public transportation, neighborhood amenities, and several new multifamily developments. The property is expected to benefit from the completion of adjacent street, sidewalk, and cul-de-sac improvements, which may establish the pedestrian connectivity necessary for Sustainable Development Area eligibility. Upon qualification, the site is anticipated to fall within the Tier 2 Complete Communities overlay, potentially allowing up to an 8.0 FAR, reduced parking requirements, and substantially greater residential development intensity. This offering provides an opportunity to acquire a sizable vacant development site before its anticipated future density potential is fully recognized by the broader market. Buyer to independently verify all zoning, development potential, program eligibility, site area, and entitlement requirements.