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East Village Redevelopment

1141 E Street, San Diego, CA 92101
Shipping: The offering is zoned CCPD-RE, which allows for multifamily residential. The site is improved with an approximately 21,000 square foot industrial warehouse building (“The Pacific Messenger Building”). The maximum FAR is 6.0 and 20.0 with bonuses.
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Description





Agents

BEN TASHAKORIAN | FIRST VICE PRESIDENT


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Jessie Prentice | Associate

Member: NOIPG
License: CA 01950905
Cel: (917) 331-4449
Dir: (858) 373-3212
jessie.prentice@marcusmillichap.com

Description

Marcus & Millichap is pleased to present the sale of an approximately 30,000 square foot redevelopment site located at 1141 E Street. The offering is zoned CCPD-RE, which allows for multifamily residential. The site is improved with an approximately 21,000 square foot industrial warehouse building (“The Pacific Messenger Building”). The maximum FAR is 6.0 and 20.0 with bonuses.

The site is located in the heart of downtown San Diego’s thriving East Village neighborhood. East Village, one of San Diego’s most rapidly developing regions, is home to Petco Park, the Central Library, San Diego City College (among other educational institutions), and countless restaurants and bars. The Pacific Messenger Building sits within the I.D.E.A district, which stands for innovation, design, education, and the arts. This 35 block radius is a transformative urban initiative which aims to create 13,000 + design and tech jobs in the next 12 years.

This development opportunity is within walking distance to downtown San Diego’s host of amenities, and it provides direct access to the I-5 Freeway and SR 163. Public transportation is easily accessible as the site is located on the SDMTS bus route and only two blocks south of the City College Trolley Station.

Features

  • 30,000 SF Single Parcel Site
  • Located in the Desirable East Village Neighborhood of Downtown San Diego
  • Situated Along the Transit Line and Two Blocks from the Smart Corner Trolley Stop
  • Easy Access to I-5 Freeway and Highway 163
  • Residential Emphasis Zoning

Closing Price

$14,500,000

Lot Size

30,000 SF

Price / SF (Land)

$483

Base FAR

6.0

Maximum FAR

20.0

Height Limit

500 Feet

Shipping Information

  • Item Requires Shipping
  • The offering is zoned CCPD-RE, which allows for multifamily residential. The site is improved with an approximately 21,000 square foot industrial warehouse building (“The Pacific Messenger Building”). The maximum FAR is 6.0 and 20.0 with bonuses.

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