LOCATION, LOCATION, LOCATION! Property is in the highly sought after 3rd Ave. Village District of Chula Vista. Walk to restaurants, Park and the Chula Vista Mall. In a "Transit Focus Area". New zoning allows construction of 25 to 30 units and some parking variances. Great development property that allows developer to receive income while going through permitting process. Rents presently under market. The adjoin parcel is available if you'd like a larger development project., The UC-2 zoning allows a maximum FAR of 5.0 and a maximum height limit of 84 feet. Chula Vista's beautiful downtown park is 3 blocks away. Chula Vista's mall with major retailers is 3 blocks away. Walking distance to restaurants, banks, medical buildings and shopping. The Third Avenue Village has grown into a vibrant, exciting entertaining area. Low vacancy rates anywhere near the Village area. This property has a history of steady tenancy. Unit 1 is street front Retail. Unit 2 is 1 bedroom & 1 bath, Unit 3 is 1 bedroom & 1 bath, Unit 4 is 2 bedroom & 1 bath. Perfect for the smaller developer that wants to own a multi family mixed use property that can be developed into 25 to 30 units. There aren't many properties in the Village that have the development potential of this property. In addition to residential, zoning allows Office and Retail use/development. Please do not disturb tenants. The adjoining parcel is available which will allow the development of more than 60 apartment unites. call for details.
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