4702 University Ave.

The offering comprises three contiguous parcels totaling approximately 045 acres improved with an 11500 SF mixeduse building The property was occupied by San Diego Electric Inc for approximately 45 years and includes four unoccupied 1BR1BA residential units within the adjoining building providing immediate repositioning potential The site presents a compelling highdensity redevelopment opportunity due to its Complete Communities Tier 3 designation transitoriented location and 65 FAR development potential Alternatively the existing improvements offer flexibility for a valueadd strategy or adaptive reuse Zoned CC54 within the MidCity Community Planning Area the property is also located within a Qualified Opportunity Zone QOZ Transit Priority Area TPA and Qualified Census Tract QCT creating additional potential for developers pursuing highdensity mixedincome or affordable housing strategies Located in the heart of City Heights along the University Avenue corridor the property benefits from proximity to ongoing community investment and revitalization efforts led by City Heights CDC including business support corridor improvements and affordable housing initiatives The location provides convenient access to I8 I15 I805 and State Route 94 while placing residents within minutes of San Diego State University Downtown San Diego Mission Valley major retail destinations and key employment centers