Asking Price: $1,890,000

Calling all developers!. Preliminary review by the city of San Diego has been completed for a five story mixed-use building composed of 44 units including a commercial space at the first floor, and apartments on second to fifth floor. Currently the site has 4 existing buildings: One front commercial space, one duplex, one 3 bedroom 1 bath detached dwelling and a 1 bedroom 1 bath detached studio. All units are tenant occupied so you can continue to collect rent until you obtain permits to start building. Property is centrally located close to freeways, shopping center and downtown San Diego. This is an up and coming neighborhood in the community of Encanto in San Diego County. You'd find a lot of new construction buildings nearby including Encanto Village, Villa Encantada Apartments, Encanto Village Urban, George D. McKinney Retirement Center and other new developments in the area. This area is currently going through a demographic transformation. This area is prime to build.