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Merge AveSan Diego, CA 92129
Ethos at Merge 56
Asset ClassMultifamily, Land, Special Purpose
Land12.26 Acres
An Unmatched Residential Development Opportunity in Del Mar Mesa (Coastal San Diego)
overview of deal

Overview

Ethos at Merge 56, located adjacent to Highway 56 with easy connections to both I-5 and I-15, consists of 7/8 parcels totaling ~12.26 acres (543,133 SF) of vacant land giving opportunity to develop hundreds of units to expand on the hundreds of single family homes and townhomes that already exist at Merge 56.

 

Merge 56 is in the heart of San Diego’s core talent cluster of life sciences and tech employment. Situated across from the Del Mar Mesa Preserve boundary, Merge 56 also features expansive views and access to outdoor walking and biking trails, including the Del Mar Beach Bike path.

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Investment Highlights

Land
12.26 Acres
  • Ability to Develop For-Sale or For-Rent Product
  • $1.3M Average Home Sale Price
  • By-Right Zoning (Process 1)
  • Coastal Connectivity
  • Seller Not Aware of Remaining Offsite Improvement Requirements
  • Flexible Zoning Permitting Residential
  • 2% Multifamily Vacancy Rate

 

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Merge AveSan Diego, CA 92129
Torrey Highlands Village Center
Del Mar Mesa Preserve
Del Mar Beach Bike Path
Del Mar Beach
Hiking Trails

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Listing provided by Revere CRE