Multi-Family

543 Orange Ave

543 Orange Ave, Coronado, CA 92118

Listing Price: $7,600,000

Lot Size
0.32 acres
Price/Acre
$23,662,068
Land Type
Land

Investment Overview

A MIXED-USE OFFICE AND MULTIFAMILY PROPERTY WITH SIGNIFICANT RENTAL UPSIDE IDEALLY LOCATED ONE BLOCK FROM THE PACIFIC OCEAN IN ONE OF THE NATION’S TOP BEACH CITIES, CORONADO, CA. Marcus & Millichap has been selected to exclusively market for sale, a two-parcel, mixed-use office and residential property located at 543-555 Orange Avenue in the rarely traded destination city of Coronado, CA. Available is a 13,991 SF Land Lot that falls within the R-4 zoning and the Orange Avenue Corridor Specific Plan (OACSP) overlay. The proposed development is a 12-unit residential/condominium complex comprised of luxurious three or four bedroom dwelling units. This unique location on a peninsula in San Diego Bay presents a true pride of ownership opportunity that is located along the reputable block of Orange Ave, the central retail passageway of Coronado from the Bay to the beach. 543-555 Orange Avenue is within walking distance (0.9 miles) to local tourist attractions such as the Coronado Ferry Center and Centennial Park. The subject property benefits from a neighboring Speckles Park along with the Coronado Public Library/Coronado High School across the street, a convenience for tenants and their families. Incorporated in 1890, Coronado is a highly affluent neighborhood of San Diego and one of the most desired tourist destinations. The world-famous Coronado Beach, Hotel Del Coronado, Museum of Art, Silver Strand, NAS Coronado Military Base, Coronado Yacht Club, and the Coronado Bridge are just minutes away. Coronado is a sub-market of Southern California that has an extremely low vacancy and high barrier to entry. Over the past twelve months condo sales have consistently reach the one thousand dollars a square foot ($1,000/sqft) threshold and three and four bedroom units sell upwards of three million dollars ($3,000,000).

Investment Highlights

  • 12 Residential or Condominium (40DU/AC)
  • R-4 Zoning | 12 Unit Potential Development
  • 13,991 SF / 0.32 Acres

Exclusively Listed By

Listing Price: $7,600,000

Lot Size
0.32 acres
Price/Acre
$23,662,068
Land Type
Land

Investment Highlights

  • 12 Residential or Condominium (40DU/AC)
  • R-4 Zoning | 12 Unit Potential Development
  • 13,991 SF / 0.32 Acres

Investment Overview

A MIXED-USE OFFICE AND MULTIFAMILY PROPERTY WITH SIGNIFICANT RENTAL UPSIDE IDEALLY LOCATED ONE BLOCK FROM THE PACIFIC OCEAN IN ONE OF THE NATION’S TOP BEACH CITIES, CORONADO, CA. Marcus & Millichap has been selected to exclusively market for sale, a two-parcel, mixed-use office and residential property located at 543-555 Orange Avenue in the rarely traded destination city of Coronado, CA. Available is a 13,991 SF Land Lot that falls within the R-4 zoning and the Orange Avenue Corridor Specific Plan (OACSP) overlay. The proposed development is a 12-unit residential/condominium complex comprised of luxurious three or four bedroom dwelling units. This unique location on a peninsula in San Diego Bay presents a true pride of ownership opportunity that is located along the reputable block of Orange Ave, the central retail passageway of Coronado from the Bay to the beach. 543-555 Orange Avenue is within walking distance (0.9 miles) to local tourist attractions such as the Coronado Ferry Center and Centennial Park. The subject property benefits from a neighboring Speckles Park along with the Coronado Public Library/Coronado High School across the street, a convenience for tenants and their families. Incorporated in 1890, Coronado is a highly affluent neighborhood of San Diego and one of the most desired tourist destinations. The world-famous Coronado Beach, Hotel Del Coronado, Museum of Art, Silver Strand, NAS Coronado Military Base, Coronado Yacht Club, and the Coronado Bridge are just minutes away. Coronado is a sub-market of Southern California that has an extremely low vacancy and high barrier to entry. Over the past twelve months condo sales have consistently reach the one thousand dollars a square foot ($1,000/sqft) threshold and three and four bedroom units sell upwards of three million dollars ($3,000,000).

Exclusively Listed By

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