Commercial Land for Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: San Diego, CA 92103

Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3149/land/san-diego/ca Marcus & Millichap and Colliers are proud to present 3635 & 3655 5th Avenue, a rare, covered land opportunity, combining current parking income with substantial long-term development upside in the heart of the Hillcrest/Bankers Hill neighborhood, one of San Diego’s most sought-after submarkets (the “Property”). The offering includes two parcels totaling approximately 15,414 square feet with plans for 158 apartment units and ground-floor retail across two proposed 11-story towers. With plans designed and the seller indicating a buyer may be able to commence construction in a short timeframe, the Property offers meaningful time-to-market advantages. Positioned in a highly walkable, affluent urban neighborhood near Balboa Park, Downtown San Diego, and major transportation routes, the site is well suited for a developer seeking both near-term cash flow and future vertical upside in one of San Diego’s most desirable urban infill locations. The Property offers a highly walkable, amenity-rich infill setting in one of San Diego’s most desirable urban neighborhoods. Residents are steps from restaurants, fitness studios, coffee shops, dog parks, and daily-needs retail, with Balboa Park, the San Diego Zoo, Trader Joe’s, and Whole Foods all within a short walk. The submarket’s central location, lifestyle appeal, and limited infill development opportunities continue to support strong renter demand. For multifamily developers, the neighborhood presents an opportunity to deliver housing in a supply-constrained, high-barrier-to-entry location with lasting live-work-play appeal. Investment Highlights: • STARTING BID $1,500,000 | 158 Unit Entitled Apartment Site | Hillcrest-Bankers Hill Neighborhood | AUCTION JUNE 8-10 • Rare ±15,414 SF (0.35-acres) of vacant land in San Diego's Hillcrest / Bankers Hill neighborhood, planned for two 11-story apartm

Market Context

This land in San Diego, CA is listed for sale. It has been on the market for 54 days. Compare it against other land listings for sale in San Diego, CA — <a href="/search/sale/land/california/san-diego">view the full market</a>.

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