1880 Auto Park PlChula Vista, CA 91911

  • Commercial land
  • 2.17 AC
For Sale
$2,850,000 View listing

Property Details for 1880 Auto Park Pl

Lot size
2.17 AC
Zone code
INDUSTRIAL (M ZONE)
Property type
Commercial land
APN
644-041-44-00
APU
6440414400

Description

This exceptional 2.17-acre commercial lot in Chula Vista, California, presents a unique development opportunity. Located at 1880 Auto Park Pl, within the Chula Vista Auto Park Specific Plan Area (APN 644-041-44), this IP-zoned property boasts approved plans for a substantial 23,335-square-foot building. The plans are permit-ready, allowing for a swift construction timeline of 18 months or less. The seller offers flexibility, considering a build-to-suit arrangement, a land sale with existing plans, or a long-term ground lease. This makes it ideal for owner-users seeking a tailored solution. Approved uses are diverse, encompassing auto sales and service, rentals, parts, car washes, collision repair, lube and oil services, and even restaurants/delis. The asking price for the land is $2,850,000, translating to approximately $30 per square foot. A potential lease rate is $10,000 per month plus NNN. This prime location and versatile zoning make this property a compelling investment prospect.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,679,368
    Hospitality
    $20,774,178
    Educational
    $17,283,872
    Medical
    $17,878,292
    Retail
    $26,886,024

Location Insight

City
Chula Vista
County
San Diego
State
California
Latitude
32.598
Longitude
-117.026
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,228
$694,073
-
$694,073
-
-
-
-

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