308 Vista Village DrVista, CA 92083
- Retail properties
- 1,728 SF
Property Details for 308 Vista Village Dr
- Year built
- 1953
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 1,728 SF
- Zone code
- COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 164-311-10-00
- APU
- 1643111000
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $532,458
- 6.5%
- $491,500
- 7%
- $456,393
-
Comparable approach
- Method
- Valuation
- Relative Method
- $704,758
- Geo Method
- $1,532,674
-
Alternative Use
- Use
- Valuation
- Residential
- $414,599
- Hospitality
- $379,770
- Educational
- $315,964
- Medical
- $326,831
- Retail
- $491,500
Location Insight
- City
- Vista
- County
- San Diego
- State
- California
- Latitude
- 33.1999
- Longitude
- -117.248
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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