PROPERTY DESCRIPTION

The Property (3 contiguous parcels) is located in the heart of the historic Carlsbad Village and just three blocks to the Pacific Ocean makes this property a premier coastal site and presents the rare opportunity to own a legacy property on the market for the first time in 50 years. Currently comprised of three parcels with multiple separate, fully leased (month-to-month) buildings on nearly 2/3 acre just north of Carlsbad Village Drive and one block from the train station and the prominent Hwy 101. State Street is a central setting for the experiential coastal lifestyle; renowned restaurants, community living, and a bustling with a robust weekly Farmer’s Market featuring locally curated artisan vendors. A prime development opportunity, these parcels are in the Village Center zoning. A feasibility study has been completed evaluating a potential high-density mixed-use project comprised of 32 units in four stories and a maximum height of 45 feet. Surrounding new residential construction is listing units at over $2m. The City of Carlsbad has committed significant resources in the Village completing infrastructure and beautification projects - encouraging redevelopment efforts to revitalize the central neighborhood, while maintaining the historic coastal town charm. Carlsbad is a vibrant Southern California destination in North County San Diego with easy access to Orange County and Los Angeles. It features luxury homes, quaint neighborhoods, beautiful beaches, fantastic weather all year and is thriving with redevelopment and economic investment.