815 E Pennsylvania Ave #16,15,13,13,12,11,,7,6,5, Escondido, CA 92025
815 E Pennsylvania Ave #16,15,13,13,12,11,,7,6,5, Escondido, CA 92025
815 E Pennsylvania Ave #16,15,13,13,12,11,,7,6,5, Escondido, CA 92025
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Margaret DeLao

Margaret DeLao

+1(858) 229-8016
$6,300,000
Est. payment /mo
1.47 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Southeast Escondido

MLS Listing ID 260007438

Lot Size 1.474 Acres

Property Sub-Type Lots/Land

Property Description

We are pleased to present the opportunity to purchase Penn + Elm, a dense flexibly-zoned land assemblage consisting of five contiguous parcels located within the San Diego County submarket of Downtown Escondido. This portfolio consists of the properties: 815 E Pennsylvania - Vacant medical office and paved parking lot, 843 E Pennsylvania - Vacant single family, 848 E Ohio - Vacant lot, 830 E Ohio - Vacant duplex, and 838-840 E Ohio - Vacant duplex. Penn + Elm is situated within the S-P (Specific Plan) zoning designation, which is used by the City of Escondido to tailored development within specially planned districts. S-P Zoning allows for adaptable land-use standards, density provisions and development guidelines unique to each Specific Plan area, enabling flexibility in design and permitting. Depending on the applicable Specific Plan sub-area, the zoning may support mixed-use or multifamily residential development, enhanced height allowances, walkability-focused site planning and opportunities to incorporate affordability or community-serving uses. When paired with California's Density Bonus Law, developers can further increase allowable density, height and reduced parking ratios allowing this offering well-positioned for near-term multifamily or mixed-use redevelopment. Proof of concept for the feasible density onsite is provided by various recently approved and redeveloped sites with the S-P Zoning designation in-and-around the Downtown Escondido submarket.

Location

State CA

County San Diego

Area North County

Zoning S-P

Interior

Fireplace No

Exterior

Utilities Available Electric, Natural Gas

View Y/N No

Others

Senior Community No

Tax ID 230-171-15-00

Acceptable Financing Conventional

Listing Terms Conventional

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MLS Router / San Diego MLS
Listed by Michael Robert Greiner, DRE#01844828 CBRE 

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Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

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