Homes for sale - 5488 New Mills Rd, San Diego, CA 92115

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 1,049,000

Est. payment -/mo

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Price Dropped by $101K

5488 New Mills Rd San Diego, CA 92115

34,848 SqFt

UPDATED:

11/19/2024 05:16 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Square Footage 34,848 sqft

Price per Sqft $30

MLS Listing ID NDP2407849

HOA Y/N No

Lot Size 0.800 Acres

Acres 0.8

Property Description

Discover an exceptional investment opportunity in the College Area near SDSU! Nestled 1.1 miles walking from the campus, this prime real estate is brimming with potential for development and subdivision. The parcel has long been envisioned as an investment property. Now is the perfect moment to seize this rare opportunity and transform this property. Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023. No showings until listing is active but offers will be considered. Details about the property: -Current owners worked with a construction company with limited scope to determine building options for single family and ADU/Junior ADU - More units can (and should) be explored -Topography of ~1 acre parcel includes ~0.3 acres of flat land on the bottom level, 0.3-0.4 acres of slope among the property, and another 0.2-0.3 acres of flat land on top level -A previous workshop sits on the property that can be used for garage/storage space -There is an open drainage that can be filled -Please review private remarks

Location

State CA

County San Diego

Area 92115 - San Diego

Zoning RS-1-7

Exterior

Community Features Suburban

View Y/N Yes

View Neighborhood, Trees/Woods

Building

Lot Description Cul-De-Sac, Lot 20000-39999 Sqft

Sewer None

Water See Remarks

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS Cash,Conventional

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023. No showings until listing is active but offers will be considered. IMPORTANT CONSIDERATION: The lot has been owned by the same family for decades and still owns 5490 New Mills Road. 5490 New Mills backyard extends into the vacant lot (2,000 - 4,000 sqft) and seller requires that the buyers submit a lot line adjustment or easement with the city at the close of escrow. The price of the listing reflects this consideration (est at $150K). Plans for transfer area submission will be provided by seller. There is an opportunity to sell both parcels (5488 New Mills & 5490 New Mills) to the right buyer. For showing, scheduling, and more information, please reach out to Ryan Hawkins at 760-716-6656 or email at ryan@robconrealty.com.

SHOW INSTRUCTIONS See private remarks.

Listed by Robcon Realty

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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