4051 Voltaire StSan Diego, CA 92107

This exceptional San Diego development opportunity encompasses two parcels totaling 32,362 square feet (APN 449-452-01-00 & 449-390-18-00), located at 4051 Voltaire St and 4026-34 Wabaska Dr, San Diego, CA 92107. The property is zoned for commercial use and presents a rare chance to create a thriving mixed-use project. Currently operating as a 97% occupied retail center, this income-producing asset provides immediate cash flow while the entitlement process progresses. The approved plans include 39 residential units and 2,492 square feet of ground floor retail space, complemented by underground parking. This prime location along the Voltaire corridor in Point Loma/Ocean Beach offers unparalleled access to the beach (1.5 miles), San Diego International Airport, Liberty Station, SeaWorld, Downtown, Old Town, Mission Bay, and Little Italy. Entitlement close is anticipated by late 2024 or sooner, allowing for immediate income generation while development plans are finalized. This is a unique opportunity to capitalize on a high-demand coastal location with existing income and a clear path to a lucrative mixed-use development. The property's strategic location and current income stream make it an attractive investment for discerning developers seeking a high-return project in a vibrant San Diego neighborhood.