investment sales
2304 India Street
2304 India Street, San Diego, CA
Sold

2304 India Street, Little Italy (Mixed Use Development Opportunity)
• 5,293 SF corner lot at India Street and Juniper Street in Little Italy
• Three buildings totaling 2,844 SF: two-story apartment building (two bed, one bath unit on each floor), single-story retail/office building, and a detached two-car garage
• All existing leases short term, giving a buyer clear runway to redevelop
• Zoned CCPD-MC (Centre City Planned District: Mixed Commercial)
• Minimum FAR of 3.5 and maximum FAR of 6.0
• Commercial Street Overlay requires 60% of India Street frontage to be retail
• Little Italy Sun Access Overlay allows building heights up to 150 feet
• Airport Influence Area overlay (Safety Zone 2 East) permits up to 40 dwelling units per acre, approximately 5 units for this site
• Parking requirement of 1 space per dwelling unit; retail and office uses are exempt from parking if the development is under 30,000 SF
• Located in the supply-constrained, high-income Little Italy submarket near downtown San Diego
• Fits a developer or investor targeting ground-up mixed-use redevelopment