Description
The subject property is located off South Santa Fe Ave in the heart of downtown Vista, within the vibrant and well-known Vista Village, and presents a compelling opportunity within a designated Opportunity Zone. This designation offers potential tax advantages for investors, including deferral and possible reduction of capital gains, making the project especially attractive for long-term investment strategies. Conceptual design studies by a well-known architect have outlined a plan for a 39-unit mixed-use development, incorporating residential units along with ground-floor commercial space to complement the area's walkable, urban character. The proposed design envisions a cohesive project that aligns with the ongoing revitalization of downtown Vista. A buyer may choose to capitalize on both the Opportunity Zone benefits and the groundwork already completed by the seller, moving forward with entitlements for the existing mixed-use concept, or explore alternative development approaches that maximize the site's zoning and investment potential. Please contact Stevie Berman at (408) 202-0611 for more information.
Details
| MLS # | NDP2604200 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 130 |
| Listing Provided By | Lee & Associates | Steven Berman |
Features
| Zoning | SPI |
|---|---|
| Acreage | 0.35 |
| Property View | None |
Exterior
| Lot Features | Zero To One Unit Acre, Eleven To Fifteen Units Acre |
|---|
Location
| Community Features | Biking, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | Vista |
| Zip Code | 92083 |
| Area | 92083 Vista |
| Listing VS Median (in 92083) | |
Price: $1,895,000 low | high Med: $2,499,999 On site: 130 low | high Med: 13 | |
Market Activity 92083
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | Vista |
| Zip Code | 92083 |
| Area | 92083 Vista |
| Listing VS Median (in 92083) | |
Price: $1,895,000 low | high Med: $2,499,999 On site: 130 low | high Med: 13 | |
