444 Escondido Blvd, Unit 54 Escondido, CA 92025-4814
- Commercial land
- 0.69 lot acres
Current Use by Public Records
- Commercial land
Property Details for 444 Escondido Blvd
- Year built
- 1985
- Lot size
- 0.69 lot acres
- Zone code
- COMMERCIAL
- Property type
- Commercial land
- APN
- 233-150-22-00
- APU
- 2331502200
Description
This exceptional 2.75-acre commercial property at 444 S. Escondido Blvd, Escondido, CA 92025, presents a unique investment opportunity. The site boasts a substantial 119,789 square feet and is zoned under the Downtown Specific Plan South Gateway District. Currently, the property is designated as retail and land, offering significant potential for redevelopment. An expired tentative parcel map exists for 125 units, but the site's potential extends to 240 units with a podium design. The City of Escondido has removed previous requirements for street-level retail, opening up possibilities for diverse development plans. All utilities are conveniently located on-site. This property is offered at $9,500,000, translating to $79.30 per square foot. The seller is motivated and will not tie up the property in lengthy entitlement processes, making this a streamlined acquisition. A joint venture partnership is also a possibility, with the seller retaining an ownership stake upon project completion. The APN is 233-150-20,-21,-22. This is a rare chance to acquire a large, well-located parcel in a thriving California market with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Escondido
- County
- San Diego
- State
- California
- Longitude
- -117.082
- Latitude
- 33.1175
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA