If you're an investor or developer seeking a rare and lucrative opportunity in the heart of Coronado Village, look no further than the property at 970 C Avenue. This exceptional listing offers a unique blend of location, potential, and existing commercial value that makes it a standout in the Coronado real estate market.
Prime Location in Coronado Village
Situated in the highly sought-after Coronado Village, this property boasts an unbeatable location. Imagine being just steps away from everything that makes Coronado one of the most desirable places to live and invest. From top-rated schools and pristine beaches to world-class tennis courts, golf courses, marinas, shopping, and dining options, everything is within easy reach. Not to mention, the iconic Hotel del Coronado is just a short stroll away, adding to the allure of this prime location.
Existing Commercial Space with Leased Offices
Currently, the 5860 sq ft commercial space comprises two buildings housing three leased medical and commercial offices. This means that while you explore development opportunities, the property is already generating income. The 13,939 sq ft lot also includes 12 parking spaces, a rare find in such a prime location.
Exceptional Development Potential
One of the most exciting aspects of this property is its R-3(P) zoning. While it is currently "grandfathered" for commercial use, the highest and best use of this property is projected for a multi-unit condominium development. Preliminary estimates suggest the potential for approximately eight units, making this an ideal investment for developers looking to capitalize on Coronado's robust real estate market.
Why Invest in Coronado?
Coronado, CA, is a premier destination known for its stunning beaches, vibrant community, and luxurious lifestyle. The real estate market in Coronado is consistently strong, with high demand for both residential and commercial properties. Investing in a property like 970 C Avenue not only offers immediate income from existing leases but also the potential for significant returns through development.
Don't miss out on this rare, prime investment and development opportunity in the heart of Coronado Village. Contact The Clements Group today, a team of top realtors, to learn more and explore the possibilities that await at 970 C Avenue.
