11025 Summit Avenue, Santee, CA 92071 - MLS#230019859

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,700,000

Est. payment | -/mo

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$ 2,700,000

Est. payment | -/mo

Save Virtual Tour Video Tour

Key Details

Property Type Commercial

Sub Type Com-Lnd/Rn/Grv

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 230019859

HOA Fees $1,182,043

HOA Y/N Yes

Acres 2.32

Lot Dimensions 619'x169'

Property Description

Up to 32 Unit Development Opportunity! 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Parcel was recently approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning code, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55%, maximum height is 35 feet/three stories, and there is no minimum lot size. NEW CONSTRUCTION COMMUNITIES IN DEMAND! Property is located in close proximity to in demand housing development communities such as Mastercraft Residential's Walker Trails, Summit Santee's Noble Way, Pardee Homes' Castlerock, Kb Homes' River Village and townhome/condominium development communities such as Presidio Cornerstone's Laurel Heights, Pardee Homes' Weston, City Ventures' Caribbean Way, Kb Homes' Prospect Fields, and William Lyon Homes' Riverview, just to name a few. Recent New Construction Community Home sales boast a closing range between $905,500 and $1,300,000. Recent New Construction Townhome/ Condominium Communities boast a sales closing range between $738,000 and $964,000.00

Location

State CA

County San Diego

Area Santee (92071)

Zoning R-7

Exterior

View Fantastic, Mountains/Hills

Utilities Available Electric,Septic,Water

Listed by Pamela Macias • Radius Agent Realty

+1(619) 302-3010

matt@homecrave.com

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