QOZ Development Opportunity with Future Tier 2 CCH
• Asking Price: $3,800,000
• Approximately 45,356 SF Total Development Footprint
• Approximately 37,026 SF Fee-Owned Land
• Approximately 8,330 SF of Vacated Broadway Paper Street
• Vacant Urban Infill Development Site
• Zoning: RM-1-1
• Qualified Opportunity Zone
• Golden Hill Location
• No Existing Improvements
• Potential Sustainable Development Area Eligibility
• Anticipated Future Complete Communities Housing Solutions Eligibility
• Potential Tier 2 CCHS Designation
• Potential CCHS FAR: Up to 8.0
• Potential Reduced Parking Requirements Under CCHS
• Significant Higher-Density Multifamily Development Potential
• Proximity to Downtown San Diego Regional Employment Center
• Mobility Zone 2
• Adjacent Public Infrastructure Improvements Underway
• Opportunity to Acquire Prior to Anticipated Increase in Development Potential
• Excellent Access to SR-94, I-5 and I-805
• Near Downtown San Diego, Golden Hill and South Park
• Surrounded by Continued Urban Infill and Multifamily Development
Property Description
32nd & Broadway presents a rare opportunity to acquire a sizable vacant urban infill development site in San Diego’s Golden Hill neighborhood. Offered at $3,800,000, the property consists of approximately 37,026 square feet of fee-owned land together with approximately 8,330 square feet of vacated Broadway paper street, creating an estimated total development footprint of approximately 45,356 square feet.
The property is currently zoned RM-1-1 and is located within a Qualified Opportunity Zone. Its central San Diego location provides convenient access to Downtown, Golden Hill, South Park, major employment centers, public transportation, and State Route 94, with Interstate 5 and Interstate 805 nearby.
A significant component of the investment opportunity is the site’s anticipated future eligibility for the City of San Diego’s Complete Communities Housing Solutions program. Adjacent street, sidewalk, and cul-de-sac improvements are expected to establish the pedestrian connectivity necessary for the property to potentially qualify as a Sustainable Development Area.
Based on preliminary discussions with City Planning and the property’s proximity to Downtown San Diego’s Regional Employment Center and location within Mobility Zone 2, the site is anticipated to potentially qualify for Tier 2 Complete Communities Housing Solutions. If confirmed, Tier 2 provides for development intensity of up to 8.0 FAR, subject to all program requirements, affordable housing obligations, development regulations, and City approval.
The property provides developers with an opportunity to acquire a large vacant infill site ahead of its anticipated increase in allowable development intensity, while benefiting from Golden Hill’s proximity to Downtown San Diego and continued surrounding multifamily development.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Land/Development |
| Price: | $3,800,000 |
| Lot Size: | 0.84 Acres |
| APN: | 539-564-02-00 |
| Opportunity Zone: | Yes |
| Property Website | Click Here |
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