11
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$5,700,000
Est. payment /mo
New
1163 N 2nd St El Cajon, CA 92021
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Key Details
Property Type Vacant Land
Sub Type Com-Lnd/Rn/Grv
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260018158
Annual Tax Amount $20,754
Lot Dimensions 208.03'x208.05'
Property Sub-Type Com-Lnd/Rn/Grv
Property Description
Rare CUP-approved development opportunity in El Cajon. This 1.33-acre Commercial-zoned parcel has an approved Conditional Use Permit for a large-scale Residential Care Facility for the Elderly (RCFE). Approved plans call for a 3-story, 87,603 SF building with 148 rooms/156 beds (128 assisted living, 28 memory care), central courtyard, two balconies, and 62 covered parking spaces. Seller has completed the full architectural and civil plan set plus a clean Phase 1 Environmental Site Assessment, removing significant entitlement risk and time for a buyer. A third-party demand study by Susan Brecht & Associates supports strong market need, and the City of El Cajon projects a 27.1% increase in residents aged 65+ by 2050. A turnkey opportunity for a senior housing developer or operator to move directly into construction. Buyer to independently verify all permits, entitlements, square footage, and development potential with the City of El Cajon.
Location
State CA
County San Diego
Area East County
Zoning Commercial
Direction From I-8 E, exit N 2nd St, head north on 2nd. Property is on the right, between Persimmon Ave and the alley.
Interior
Fireplace No
Exterior
Utilities Available Electric, Natural Gas, Sewer, Telephone, Water
View Y/N Yes
View None
Present Use Vacant
Others
Senior Community No
Tax ID 484-232-27-00
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Anita Reynolds, DRE#01845775 Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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