Fairmount Avenue Assemblage, San Diego, CA, 92120
Offer Price:
Unpriced
Zoning:
CC-3-6
Permits:
Preliminary Review Tentative Map
APN:
458-510-14-00
458-510-30-00
458-510-12-00
Lot Size:
0.50 AC
Status:
Active
Submarket:
Mission Gorge
Property Type:
Apartments, Land
Strategy:
Value-Add
We are pleased to offer a rare investment and redevelopment opportunity at 6205 & 6215 Fairmount Ave and 4317 Sheridan Ln, situated on a prominent 21,860 SF (0.50 AC) corner lot in the heart of San Diego’s Mission Gorge neighborhood. The site includes three parcels (APNs: 458-510-14-00, 458-510-30-00, & 458-510-12-00) and is currently operating as an auto service and tow yard, generating $10,900/month in-place income.
Zoned CC-3-6, with a CCHS Tier 4 overlay, the property allows for high-intensity, pedestrian-oriented mixed-use development with a 4.0x FAR potential and a density of 1 dwelling unit per 1,000 SF. With a 65’ height limit and flexible setback requirements, the site offers exceptional redevelopment potential for multifamily, commercial, or mixed-use projects.
Located on a highly visible, well-trafficked corridor with a Walk Score of 82 (Very Walkable) and proximity to transit and major freeways, this property is ideal for developers and investors aiming to capitalize on the area’s ongoing growth and revitalization. Positioned within a Qualified Opportunity Zone and eligible for Complete Communities Housing Solutions incentives, the site presents a compelling opportunity to create a dynamic new asset in one of San Diego’s key investment markets.
Listed By:
Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094