Description

OPPORTUNITY TO BUILD 20,250 SQ. FT. HIGH RISE BUILDING WITH OCEAN AND BAY WATER VIEWS. HIGHLY SOUGHT OUT BRAEMAR DISTRICT NEIGHBORHOOD. BY FAR THE BEST NEIGHBORHOOD IN ALL THE BEACH AREAS. LOCATED NEXT TO THE CATAMARAN RESORT. YOUR FAMILY AND GUEST WILL ENJOY THE RESORT'S SPA, RESTAURANT, POOL AND ETC. JUST A FEW STEPS TO ALL 3 FAMOUS BEACH'S, MISSION BAY, MISSION BEACH AND PACIFIC BEACH. STROLL AND BIKE THE BOARDWALKS. WITH THE NEW SB-79 LAW PASSED YOU MAY HAVE THE OPPORTUNITY TO BUILD UP TO 20,250 SQ. FT. A TOTAL OF 12 UNITS. HIGH RISE TO 65'. SIX TO EIGHT STORIES. WITH COMPLETE BEAUTIFUL WATER VIEWS OF THE OCEAN AND BAY. EACH UNIT RENT INCOME PROJECTED AT AN AVERAGE OF $7,000 PER MONTH FOR A TOTAL MONTHLY RENT INCOME OF $84,000 PER MONTH.