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$ 3,200,000
Est. payment /mo
New
205 E 8th Street National City, CA 91950
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260020928
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
EXCEPTIONAL INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF NATIONAL CITY! Located at 205 E 8th Street, this substantial commercial property presents a rare opportunity to acquire a large existing retail building with significant future development potential in one of National City's evolving urban corridors. The property features a large existing commercial building with a prominent street-facing storefront, excellent visibility and an expansive, flexible interior footprint. The real opportunity, however, may be in the land and future development potential. Situated on approximately 0.24 acres and identified with MXU zoning, the property has been marketed with development potential of up to a 5.0 FAR, creating the possibility for substantially greater building density than currently exists. Potential future concepts may include **multifamily residential, mixed-use development, affordable housing, retail/residential combinations or other higher-density development**, subject to City approval and all applicable zoning and development regulations. For an investor or developer, this creates a compelling opportunity: acquire an existing income-capable commercial asset today while positioning for a much larger redevelopment project in the future. Located along E 8th Street in central National City, the property offers convenient connectivity to I-5, I-805, Downtown San Diego, Chula Vista and the greater South Bay, with surrounding residential, retail and commercial uses supporting a variety of future concepts.
Location
State CA
County San Diego
Area South Bay
Zoning MXU
Interior
Cooling Central Forced Air Elec
Flooring Wood
Fireplace No
Exterior
Parking Features Street
View Y/N No
Building
Lot Description Corner
Others
Senior Community No
Tax ID 556-333-15
Listed by Michael Spirtos, DRE#01306407 Atlas Realty
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