817 Dorothy Street

CHULA VISTA 91911

Asking $950,000

817 Dorothy is located less than a mile from the massive billion dollar Bay Front Project with an added bonus of being located within a designated Opportunity Zone. Currently the offering features one 746 square foot single family home sitting on a 20,708 Square foot lot. The parcel is located in the Palomar Gateway District Specific Plan which designated this area as Residential High zoning. The street currently features a newly constructed 22 unit apartment building with several similar development projects one street away. The proposed use would be approximately 12-14 units, the city shows density of 18-27 units per acre with density bonuses available. Offering also features Opportunity Zone benefits to defer or eliminate capital gains. Buyer to conduct their own due diligence, verify development guidelines with the city and consult their tax professional regarding Opportunity Zone benefits.

HIGHLIGHTS

  • Build 12+/- Apartment or Condos
  • Opportunity Zone
  • Site map available
  • 2 blocks from Transit
  • Several similar projects complete and due to break ground in neighborhood
  • Located on large, flat usable lot