10340 Prospect, Santee, CA

$1,395,000

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0.61

Acres

About 10340 Prospect

**Prime Commercial Land Opportunity in San Diego County** Discover a rare investment opportunity in San Diego County! We present two commercial parcels, each with a potential high cap rate for land development. The FAA has a preliminary approval approved for storage/equipment parking use on these vacant lots, totaling 1.34 acres. **Key Features:** - Parcel 1 (APN 384-410-76-00): 31,798 sq. ft. - Parcel 2 (APN 3385-410-20-00): 26,571 sq. ft. - FAA Preliminary Approval for Storage Use - Gillespie Field Overlay Zone - Light Industrial Zoning - Triple Net Lease Option: $8,500 for both parcels - Individual Parcel Lease Rates: $3,719 (Parcel 1) and $4,451 (Parcel 2) - Convenient Ingress and Egress on West Side (East May be Availble) **Additional Information:** - The adjacent parcel, grandfathered for two single-family residences, may be available for sale. Call the Agent for details and/or to submit an offer. - Located in the Gillespie Field Compatibility Zone, ensuring strategic development. - Check the Gillespie Community Land Use Plan (Page 32), and Gillespie Field Compatibility Plan (Pages 71-72, 107-112) for detailed zoning insights. **Sales Details:** - Total Sales Price: $1,395,000 - Acreage: 1.34 acres (58,369 sq. ft.) **Important Notes:** - No structures can be built under the Gillespie Community Land Use Plan and avigation easement on this particular property. - Verify all information with the FAA, the County of San Diego, and the city of Santee for approvals.

Features of 10340 Prospect

MLS® # 240000817
Price $1,395,000
Acres 0.61
Type Farm
Sub-Type Com-Lnd/Rn/Grv
Status Active

Community Information

Address 10340 Prospect
Area SANTEE (92071)
City Santee
County San Diego
State CA
Zip Code 92071

Amenities

Is Waterfront No
Has Pool Yes

Interior

Fireplace Yes

Additional Information

Date Listed January 10th, 2024
Days on Market 501
Zoning R-1:SINGLE
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAJGCRE
Contact Info858-598-3589

Listing Map

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