After being placed up for sale, a 0.61-acre plot of land in the heart of Carlsbad offers a rare redevelopment opportunity. According to a property listing from Trinity Homes, the redevelopment site, which is comprised of three separate parcels, is available for sale, with an asking price of $10.8 million.
The parcels are located at 2680-2698 State Street in the historic Carlsbad Village and are being offered up by an entity affiliated with Dain Blackburn, according to public records. The site currently consists of multiple fully leased commercial buildings that operate on month to month leases.
In addition, the property listing shows that a feasibility study has been completed for the site, which evaluated a potential four-story mixed-use project comprising 32 units. Surrounding new residential construction is listing units at over $2 million.
“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,” the listing states.
With its location on State Street, the property is located near various restaurants and stores. It is also just several blocks from the Pacific Ocean. The property is also situated within close proximity to Interstate 101 and the Carlsbad Village Train Station. The McClellan Palomar Airport is also just several miles away.
