308 Vista Village DrVista, CA 92083

Exceptional developer opportunity in Vista, California. This 7,557 square foot mixed-use property, located at 308 Vista Village, sits on a 0.16-acre lot and is zoned Downtown Vista Specific Plan – West Gateway. The current zoning allows for a maximum density of 40 dwelling units per acre, potentially yielding up to 6 units. However, pursuant to the City of Vista Development Code 18.90 Residential Density Bonus Ordinance, a density bonus may be available. A project with at least five dwelling units could qualify for a density bonus of up to 35 percent, potentially increasing the allowable unit count to nine. Eligibility for the density bonus is contingent upon meeting specific requirements regarding low-income housing units as outlined in Development Code 18.90. This property presents a unique chance to create a substantial residential development in a desirable Vista location. Further details regarding density bonus requirements and low-income housing stipulations can be found in the City of Vista Development Code 18.90. The property is offered at $999,999.