1655 Pacific Highway

Property Description

Pacific Coast Commercial is proud to present the opportunity to acquire and redevelop the 34 key Pacific Inn located in San Diego’s vibrant Little Italy neighborhood. The highest and best use for the property is redevelopment into luxury apartments or condos. The approximately 21,163 S.F. site sits in the heart of Little Italy across from San Diego’s renowned bay and the Waterfront Park. A redeveloped project would offer stunning views of Downtown San Diego, Coronado, Point Loma, San Diego Bay, Mission Bay and beyond. Base zoning allows for approximately 84,652 S.F. of building, with a maximum height of 85 Ft. with the possibility of increasing FAR to 6 or approximately 127,000 SF with a possible increase in building height from 85 Ft. to 120-140 Ft. Any increase in FAR and building height would be contingent on the addition of an affordable housing component. The terms of any incentives need to be discussed and approved by the City of San Diego. Seller makes no representations as to possible incentives based on the affordable housing component. In addition, Seller makes no representations or warranties with regard to the constructability or potential to develop the site.