2011-2013 Franklin Ave

Voit Real Estate Services is pleased to present a 7,294 square foot urban infill development site in the Logan Heights neighborhood just east of Downtown San Diego. The site’s CN-1-4 & RM-3-7 zoning designator accommodates commercial and mixed-use development. Permits have been processed with the City of San Diego for a 12unit mixed use development consisting of 11-1Bed:1Bath apartment units along with 1 – Commercial Office Suite. The permits can be issued immediately once the fees are paid by a prospective purchaser and begin construction right away. Another option is for a developer to take advantage of the Complete Communities Plan which allows up to a 6.5 FAR on the site. Complete Communities is an opt in program to increase density along transit corridors to create more affordable housing within the city of San Diego and since this property is in a Transit Priority Area there are relaxed parking requirements which allow more design flexibility on the site. The site is located within an Opportunity Zone which is a program that allows a developer to utilize incentives including capital gains tax breaks by investing in these designated areas. The Logan Heights neighborhood has been experiencing gentrification over the last several years as the sprawl of development is working its way out of downtown San Diego. The properties close proximity to transit allows residents easy access to San Diego’s employment epicenters.