2
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$2,700,000
Est. payment /mo
Pending
11009 Summit Avenue Santee, CA 92071
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UPDATED:
07/08/2024 11:25 PM
Key Details
Property Type Commercial
Sub Type Com-Lnd/Rn/Grv
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 230004624
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. Neighboring parcel for sale combining to 4.64 Acres and up to a 64 unit build. 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
Listed by Pamela Macias • Radius Agent Realty
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