4221 Market StSan Diego, CA 92102

This exceptional San Diego investment opportunity presents 3,528 square feet of retail space at 4221-4227 Market Street, situated on a 15,548 square foot lot. The asking price is $2,550,000, or $165 per square foot. Currently occupied by month-to-month retail tenants, providing a steady income stream, this property is ideally suited for redevelopment. The location benefits from the Complete Communities Housing Solutions (CCHS) program, offering a Tier 3:6.5 FAR and streamlined permitting, allowing for higher density housing projects. This program waives the existing base zone floor area ratio. The property is in a highly sought-after neighborhood with robust housing demand and recent comparable land acquisitions support the pricing. The seller will consider seller-carry financing. This presents a unique chance to capitalize on the area's surge in development and flexible affordable housing regulations, making it an attractive proposition for developers seeking mixed-use redevelopment opportunities. The current retail tenants can be retained or replaced before construction begins.