deal image
702 Market StSan Diego, CA 92121
702 Market Street
Asset ClassLand, Hotel & Hospitality, Multifamily
Unmatched Development Optionality in the Core of Downtown San Diego
overview of deal

Overview

702 Market Street presents a covered land play opportunity for an urban infill site in the heart of Downtown San Diego — a ±10,000 SF (±0.23 acres) high-visibility site at the intersection of Market Street and 7th Avenue, steps from the Convention Center, Gaslamp Quarter, and Horton Plaza.

 

Zoned Centre City Planned District – Employment Residential Mixed-Use (CCPD-ER), the site supports multifamily, hotel, office, and mixed-use development with a base FAR of 6.0, scalable to 10.0+ through available bonuses and transfer mechanisms — offering an exceptionally flexible development platform in one of Southern California's most supply-constrained urban cores.

Access the Data Room

Investment Highlights

Land
0.23 Acres
Site Area
10 K Sq. Ft
  • Entitled & Permitted Hotel Concept — A 302-key hotel was fully designed, entitled, and permitted for the site, featuring a ground-floor lobby, meeting space, fitness center, and rooftop pool and F&B venue. Advanceable subject to re-permitting and current code compliance.
  • Seller Collaboration Available — The seller's team is actively open to partnering with a new owner on program advancement, including the previously developed citizenM concept.
  • Near-Term Income — The property generates parking revenue driven by proximity to Petco Park, just four blocks away. The Padres ranked 2nd in MLB attendance in 2025, drawing 3,437,201 fans and selling out 72 of 81 home games.
  • Flexible Zoning — CCPD-ER designation permits all core institutional asset classes, with FAR scalable to 10.0+ through bonuses, incentives, and transfer mechanisms.
  • Premier Location — Surrounded by San Diego's expanding innovation and life sciences ecosystem, global tourism infrastructure, and continued population growth across a supply-constrained market.
deal gallery image
deal gallery image
deal gallery image
702 Market StSan Diego, CA 92121
Petco Park
Gaslamp Quarter
San Diego Convention Center
Balboa Theatre
The New Children's Museum
San Diego Bay

Sales Team

Inquire

Listing provided by LightBox Revere