1570 N Santa Fe Avenue, Vista, CA 92083

Offer Price:

Market

Zoning:

M-U (40)

Permits:

Previously Approved Plans

APN:

161-051-04-00

Lot Size:

±23,307 SF

Status:

Active

Submarket:

Vista

Property Type:

Land

Strategy:

Value-Add

 

1570 N Santa Fe Avenue presents a rare opportunity to acquire a previously entitled multifamily development site within Vista’s rapidly evolving North Santa Fe corridor. The property was formerly controlled by a developer through a lease-option structure who successfully advanced and obtained approvals for a 33-unit residential project; however, the developer ultimately did not exercise their option to purchase the property. As a result, ownership is now bringing the site to market as a development opportunity with a proven entitlement path already established.

While the previously approved project plans are no longer in the possession of ownership, the site was entitled for a thoughtfully designed 33-unit podium-style development consisting of (3) studio units, (27) one-bedroom/one-bathroom units, and (3) two-bedroom/one-bathroom units. The prior approvals demonstrate the site’s strong development potential and provide future developers valuable insight into the project scale, density, and design previously supported by the City.

Located within the M-U (40) zoning designation and benefiting from the North Santa Fe Overlay, the ±23,307 SF (0.53-acre) site offers favorable multifamily development fundamentals in one of North County San Diego’s emerging infill growth corridors. The surrounding area continues to experience significant public and private investment driven by transit accessibility, expanding retail amenities, and Vista’s ongoing revitalization efforts.

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Listed By:

Aaron Bove
Executive Vice President | San Diego Region
aaron.bove@colliers.com
CA Lic. 01318320

Direct: +1 858 677 5319 | Mobile: +1 858 945 7094

4350 La Jolla Village Drive, Suite 500 | San Diego, CA 92122