Cyrus & Emilia Inc is pleased to present the opportunity to acquire 4221-4227 Market Street including the adjacent lot on Toyne Street. This offering features a retail building of 3,528 square feet and a lot size of 15,548 square feet, ideal for redevelopment. Asking price is $2,550,000.
Key Highlights:
1. Location. Situated in a neighborhood experiencing a surge in development due to more flexible affordable housing regulations compared to other neighboring communities in San Diego.
2. Development Potential. The property is primed for redevelopment with an increased floor area ratio, making it ideal for developers looking to capitalize on the demand for housing.
3. Current Income Stream. The property currently hosts retail tenants on a month-to-month basis, providing a steady income stream that can support developers during the planning and permitting phases. These tenants can be retained for an extended period or replaced prior to the commencement of construction.