301 16Th StSan Diego, CA 92101

Property Details for 301 16Th St

Year built

1953

Lot size

0.10 AC

Property size (Sq ft)

1,926 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail properties

Property subtype

Auto shops

APN

535-394-04-00

APU

5353940400

Description

This exceptional 1.5 million dollar land parcel, located at 301 16th Street in San Diego, California's vibrant East Village, presents a compelling investment prospect. Preliminary designs envision a 44-unit residential building with ground-floor commercial space. Situated in the heart of the high-rise district, this property offers unparalleled access to the area's dynamic live-work-play environment. The location boasts proximity to numerous popular destinations, including Punchbowl Social, Quartyard, Callie, Lola 55, Izola, and Cowboy Star, ensuring future residents enjoy a vibrant and convenient lifestyle. Furthermore, the property's strategic location places it within easy walking distance of key attractions such as Petco Park, the Embarcadero, the Gaslamp Quarter, the San Diego Convention Center, and the Library. With a projected cost of $300 per square foot, this site represents an exceptional entry point into this revitalized neighborhood, known for its strong vertical development potential. The zip code is 92101, and the property is classified as residential land within San Diego County. This is a rare chance to acquire a prime development site in one of San Diego's most sought-after areas. The property's address is 301 16th Street, San Diego, CA.

• CAP approach

  CAP return

  Valuation

  6%

  $593,469

  6.5%

  $547,818

  7%

  $508,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $785,512

  Geo Method

  $1,708,293

• Alternative Use

  Use

  Valuation

  Residential

  $462,105

  Hospitality

  $423,286

  Educational

  $352,169

  Medical

  $364,280

  Retail

  $547,818

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7085

Longitude

-117.149

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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