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$19,250,000
206 Days Online

308 Orange Ave
Coronado, CA 92118

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt

Built
County:
San Diego
Listed by Ken Pecus of eXp Realty of California, Inc

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308 Orange Ave308 Orange Ave308 Orange Ave308 Orange Ave
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Monthly Payment (Est.)

$87,826
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One of THE Legacy properties on The Crown Isle, welcome to DEL ISLAND! Introducing a truly cross-generational opportunity, the likes of which has not been seen in Coronado! This development site, which is easily recognized as one of the Landmark gateway properties when entering Coronado's main commercial district along Orange Avenue, offers exceptional possibilities. Currently housing 29 residential units with an excellent mix of studios, 1 bedrooms and 2 bedrooms, plus 30 off-street parking spaces. The location is just 2 blocks NE to the Bay and 4 blocks SW to the main commercial district, Spreckles park and schools, which invites a bevy of development possibilities. The property has been laced together over many decades and features 4 contiguous parcels totaling 28,000+ sf of highly coveted R4 zoning! Keep them as-is and remodel, or renew the Affordable Housing City Covenant, or wait until expiration in less than 4 years and develop a full market rate product. In all of San Diego County, you would be hard-pressed to find a prime urban and coastal development site like this that actually has a bonafide income stream, while you go through planning, design and permitting processes over the next few years. Or maybe... where better is there to just "Landbank" cash/equity than Coronado Island and leave as-is over the next number of years for perhaps estate legacy planning? Properties included in sale are: 1014-28 3rd St/APN#536-222-23-00 & 308 Orange Ave/APN#536-222-22-00 & 320-22 Orange Ave/APN#536-222-21-00 & 328-30 Orange Ave/APN#536-222-20-00. Amenities: None

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Listing Snapshot
Price 
$19,250,000
Days Online 
206 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.6049 Acres
Year Built 
N/A
MLS Number 
220017903SD
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS
7 months agoListing first seen online
General Features
Construction 
BlockDrywallFrameOtherPlasterStucco
Parking Spaces 
30
Acreage 
0.6049
Property Sub Type 
Mixed Use
Zoning 
R4
Interior Features
Heating 
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Community Features
Association Dues 
0
MLS Area 
92118 - Coronado
Crmls Logo Real Estate For Sale

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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