316 E 31st St

Top Gun CRE, Inc. is pleased to present 316 E 31st St, a multifamily or commercial/mixed-use development opportunity, in the up-and-coming National City area near Sweetwater River and the Mile of Cars.

The subject property is comprised of roughly 8,700 SF of lightly-sloped vacant land with National City mixed-use zoning (MXC-2). Said Zoning supports a variety of development options from commercial/mixed-use to multifamily. It is believed the lot can support up to 17 multifamily units by right, and possibly more with density bonuses. Or, a buyer may explore less dense options through an ADU or townhome-style build.

There was previously a 900 SF SFR on the property which was recently abated and demolished.

There are many recent examples of proof of development concept in the area as there are several similar projects recently completed and in the pipeline in the immediate vicinity. 

This project is well-located in the path of progress in coastal National City, with close proximity to the bayfront, parks, shopping, transportation, and of course, National City's infamous Mile of Cars. The subject property is located about 10-minutes by car north of the newly-built Chula Vista Gaylord Pacific Resort & Convention Center, and provides proximity to the San Diego Navy base, 32nd St. Naval Station, and easy access to downtown San Diego (10–15 min by car or trolley).

National City is appreciated for its strong demand from working-class and immigrant communities due to its central location between the Mexico border and Downtown San Diego. 70% of households in National City are renters, among the highest of any submarket in San Diego County.

In total, this property represents a fantastic investment and development opportunity positioned in one of San Diego's most up-and-coming urban multifamily markets.