522 W 2nd Avenue, Escondido, CA, 92025

Sold Price:

$600,000

Zoning:

S.P. Specific Plan

Zoning Overlay:

Downtown

District:

Mercado District

APN:

233-022-10-00

Lot Size:

±5,886 SF

Status:

Active

Submarket:

Central

Property Type:

Apartments, Land

Strategy:

Value Add

The property at 522 W 2nd Avenue, Escondido, CA 92025 (APN: 233-022-10-00) is a vacant 5,886 square foot lot situated within the Mercado District of the Downtown Specific Plan (SPA 9). This district is designed to promote mixed-use development that integrates residential, commercial, and cultural uses, aiming to revitalize the area and enhance its economic vitality.

The Mercado District encourages development that fosters a vibrant, pedestrian-friendly environment, with flexible standards for building height, floor area ratio (FAR), and residential density. While specific limits are determined on a case-by-case basis, the district supports higher-density projects that contribute to the downtown area’s liveliness and accessibility.

Given its strategic location and the district’s supportive zoning framework, the parcel offers significant potential for a mixed-use development that aligns with the city’s goals for the Mercado District. Prospective developers should consult the City of Escondido’s Planning Division to explore specific opportunities and requirements for this site.

 

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Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron@marcusmillichap.com
(858) 945-7094