1335 Vista Way Vista, CA 92083

Property Details for 1335 Vista Way

Property size

2,600 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents two contiguous C-1 zoned properties in Vista, CA, totaling nearly 0.75 acres (38,000 sq ft) with 150 feet of frontage on Highway 78. Currently operating as a two-unit apartment building (2,600 sq ft total), each unit priced at $1,250,000, the property offers significant upside potential. The properties boast a concrete driveway, ample parking, and all utilities are connected. The high-traffic location (estimated 110,000 vehicles daily on Highway 78) makes it ideal for a variety of commercial uses, including but not limited to: bank, business college, retail store, laundromat, beauty salon, health club, hotel, post office, professional offices, pet shop, or trade shops. The current residential use is non-conforming to the C-1 zoning. A significant advantage is the Vista General Plan Update proposing a Mixed-Use zoning designation (21-45 dwellings per acre), opening doors for substantial redevelopment. This could involve developing a minimum of 21 residential units (studios, one-bedroom, and two-bedroom) alongside 5-7 ground-floor shops, potentially generating $800,000 in annual gross revenue. Further expansion is possible by acquiring an adjacent 15,000 sq ft lot, potentially allowing for up to 60 units and additional street access. A fully developed project could be valued at $30-40 million. The properties are sold "as is". The asking price for both properties is $2,500,000. All information is approximate and should be independently verified.