Morena Blvd Redevelopment
1013 Morena Blvd San Diego, CA 92110
1013 Morena Blvd, San Diego, CA, 92110
$6,750,000
For Sale
$6,750,000
Infill redevelopment opportunity in San Diego's Morena Station District.
Property Size7,425 SF
Lot Size0.61 Acres
Price / SF$909.09
Days on Market47
Property Features for 1013 Morena Blvd
General Information
- Standard status
- Active
- Size
- 7,425 SF
- Lot size
- 0.61 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1954
Listing Agency
Marcus & Millichap | San Diego
(858) 373-3161
Listed by
Ethan Costa · License #License(s): CA: 02239620
(858) 373-3161
Source
Marcusmillichap
Added: Jun 1 Checked: Jul 17 at 4:33 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | San Diego
Investment Insights
Based on property information with market context.
Located in San Diego’s Morena Station District, 1013 Morena Blvd presents a redevelopment opportunity. The site consists of approximately 0.61 acres with 75 feet of frontage along Morena Blvd and 359 feet of depth. A commissioned feasibility study confirms a maximum FAR of 4.0, allowing approximately 104,648 gross square feet and potential for up to 114 residential units through the Morena Corridor Specific Plan, Morena Station District, Complete Communities Housing Solutions Tier 4, TOD Enhancement, and applicable state density bonus programs. The existing approximately 7,400-square-foot building generates roughly $198,000 in annual income. Phase I and Phase II environmental reports have been completed, and the property has received a No Further Action letter from the SAM Division, providing environmental clarity for future development. Additionally, there are no known fatal geotechnical or development constraints based on completed diligence. The zoning framework provides meaningful advantages for developers, including significant parking relief, potential waivers on setbacks, open space, lot coverage, and design standards, along with a ministerial approval path intended to reduce entitlement risk and accelerate housing production.
Key Highlights
- High‑density redevelopment potential with a maximum FAR of 4.0, allowing for approximately 104,648 gross square feet and up to 114 residential units.
- Located in San Diego’s Morena Station District within the Morena Corridor Specific Plan, near major transit, USD, and coastal/urban demand drivers.
- Favorable entitlement framework with significant parking relief and potential waivers on setbacks, open space, lot coverage, and design standards.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carpeteria Carpet One ...
Carpet & Flooring Store
Grinder Gym San ...
Gym & Fitness Center
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FAQs
What type of property is this?
Commercial land - Infill redevelopment opportunity in San Diego's Morena Station District.
Where is this commercial land located?
The property is located at 1013 Morena Blvd San Diego, CA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: High‑density redevelopment potential with a maximum FAR of 4.0, allowing for approximately 104,648 gross square feet and up to 114 residential units.; Located in San Diego’s Morena Station District within the Morena Corridor Specific Plan, near major transit, USD, and coastal/urban demand drivers.; Favorable entitlement framework with significant parking relief and potential waivers on setbacks, open space, lot coverage, and design standards.
