26437 Centre City Pkwy Escondido, CA 92026

This ±17.28-acre agricultural land parcel presents a unique residential development opportunity in Escondido, California. Located in San Diego County at 26437 N. Centre City Pkwy (APN 187-630-11-00), this property boasts exceptional accessibility, situated near Interstate 15 and CA-78, providing convenient access to numerous amenities. The site benefits from its proximity to the 78 Corridor, a major employment hub with significant life sciences, technology, and innovation sectors, supporting nearly 300,000 jobs and over 3.2 million square feet of Class A office and life science space. Within a short drive, residents will find a variety of retail options including Vons, CVS, Starbucks, Costco, and Walmart, as well as four local wineries, four golf courses, and five trails. The current zoning allows for one residential unit per acre, but future owners may explore opportunities to increase density using the state density bonus law. The property's location is particularly attractive given Escondido's strong real estate market. With no new multifamily units built in the city for 24 years and only 258 units currently under construction, Escondido is ranked #2 in San Diego County for year-over-year rent growth (3.2%) and #1 for projected future rent growth (2025-2028) at 4.8% (per Axiometrics). Furthermore, the average home price for a single-family home in Escondido is $1,325,000 for 2010-built product or newer (based on the last three months of Redfin data). The area also sees the construction of a new $100 million, 120-bed behavioral health facility by Palomar Health, scheduled to begin in Q3 2024 and be completed approximately 18 months later, further enhancing the area's appeal. This property offers a compelling investment opportunity in a thriving and desirable location. The zip code is 92026.