815 E Pennsylvania Ave, Escondido, CA 92025
815 E Pennsylvania Ave, Escondido, CA 92025
815 E Pennsylvania Ave, Escondido, CA 92025
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$6,300,000
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1.47 Acres Lot
Pending

815 E Pennsylvania Ave Escondido, CA 92025

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

Subdivision Southeast Escondido

MLS Listing ID 260007438SD

HOA Y/N No

Lot Size 1.474 Acres

Property Description

We are pleased to present the opportunity to purchase Penn + Elm, a dense flexibly-zoned land assemblage consisting of five contiguous parcels located within the San Diego County submarket of Downtown Escondido. This portfolio consists of the properties: 815 E Pennsylvania - Vacant medical office and paved parking lot, 843 E Pennsylvania - Vacant single family, 848 E Ohio - Vacant lot, 830 E Ohio - Vacant duplex, and 838-840 E Ohio - Vacant duplex. Penn + Elm is situated within the S-P (Specific Plan) zoning designation, which is used by the City of Escondido to tailored development within specially planned districts. S-P Zoning allows for adaptable land-use standards, density provisions and development guidelines unique to each Specific Plan area, enabling flexibility in design and permitting. Depending on the applicable Specific Plan sub-area, the zoning may support mixed-use or multifamily residential development, enhanced height allowances, walkability-focused site planning and opportunities to incorporate affordability or community-serving uses. When paired with California's Density Bonus Law, developers can further increase allowable density, height and reduced parking ratios allowing this offering well-positioned for near-term multifamily or mixed-use redevelopment. Proof of concept for the feasible density onsite is provided by various recently approved and redeveloped sites with the S-P Zoning designation in-and-around the Downtown Escondido submarket.

Location

State CA

County San Diego

Area 92025 - Escondido

Zoning S-P

Interior

Fireplace No

Exterior

Fence None

Utilities Available Natural Gas Available

View Y/N No

Building

Lot Description Level

Others

Senior Community No

Tax ID 2301711500

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://www.propertypanorama.com/instaview/snd/260007438

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Listed by Michael Greiner CBRE #01844828

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815 E Pennsylvania Ave

NEARBY SCHOOL & BUSINESS

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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  • 100
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  • $100000
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  • 100
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  • $100000
    Average Listing Price
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