About 2547 Commercial Street
Leverage San Diego’s Complete Communities Plan for up to 6.5 FAR on this 5,146 square foot urban infill development site. Potential to build 35 or 49 units in a 55’ 5-story or 85’ 7-story multifamily building with up to 33,449 gross SF. Benefit from relaxed parking requirements and more design flexibility due to the site’s location in a Transit Priority Area. Lucrative CN-1-4 zoning offers the potential for commercial and mixed use. Located just east of Downtown San Diego in the Logan Heights neighborhood, the site is conveniently located next to the MTS Trolley Orange Line allowing easy transportation to employment centers across the region. The location of the site within an Opportunity Zone may allow developer to utilize incentives including capital gains tax breaks. Property currently has a small office building and lot is being used as small repairs for autos.
Features of 2547 Commercial Street
| MLS® # | PTP2405878 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1920 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 2547 Commercial Street |
|---|---|
| Area | 92113 - Logan Heights |
| City | San Diego |
| County | San Diego |
| Zip Code | 92113 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | ZeroToOneUnitAcre, Level, Near Public Transit, Street Level, Tear Down, Value In Land |
|---|
Additional Information
| Date Listed | August 5th, 2024 |
|---|---|
| Days on Market | 405 |
| Zoning | CN-1-4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Frank Karako |
|---|---|
| Office | LPT Realty, Inc. |