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For SaleLuxury

$3,200,000

73 days on market

205 E 8th Street St

National City, CA 91950

· 8% down, 7% APR, 30yr fixed

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Listing narrative

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.

Listing agent (MLS): Michael Spirtos · Listing brokerage (MLS): Atlas Realty

Property Details

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Price

$3,200,000

Beds

Beds n/a

Type

Commercial

Home Size

Sqft n/a

Baths

Baths n/a

Year

Year n/a

Status

For Sale

Days on Market

73

· 8% down, 7% APR, 30yr fixed
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Courtesy of Atlas Realty