2866 COMMERCIAL ST

2866 COMMERCIAL ST is a land and redevelopment offering at 2866 Commercial Street in San Diego’s Logan Heights submarket. The 0.46 acres give a developer an assembled corner site with an existing storage building and yard, rather than a single-use building acquisition.

The site has approximately 150' of frontage and access on three sides, giving a buyer several points of approach for site planning. A 9,936 SF building is currently used for storage, with the remaining area used as an outdoor storage yard. CN-1-4 (Commercial-Neighborhood) zoning and the identified highest and best uses put multifamily residential, mixed-use development, retail, commercial services, residential care facilities and a potential lot split in the development conversation. The property is identified by APNs 545-351-22-00 and 545-351-21-00.

The Logan Heights location places the property between the 25th & Commercial and 32nd & Commercial Orange Line trolley stations, each approximately 0.5 mi away. That relationship gives a residential or mixed-use plan a transit connection to Downtown San Diego. The neighborhood is roughly two miles southeast of Downtown, with access to Interstate 5 and Interstate 15. Nearby employment destinations include Naval Base San Diego and the Port of San Diego, giving a developer a location story grounded in transit and proximity to major workplaces.

The asking price is $2,200,000, with pricing also expressed as $109.82 PSF and $4,782,609 per acre. For a developer, the investment case centers on how the corner configuration, existing storage use and range of identified development paths fit a specific project plan. The property’s Transit Priority Area and Complete Communities Housing Solutions Tier 3 designations add to that planning discussion without replacing project-specific review. Review the Offering Memorandum for the next step in underwriting 2866 COMMERCIAL ST.