Vacant Land with unobstructed views of the ocean, for a Hotel Development or any Commercial within the zoning use, with potential ground floor commercial, or strictly commercial under the Visitor/Recreation Commercial Zoning. Build-able acreage totals 22,686 sq ft. Total acreage totals 55,230 sq ft. Per the zoning code, Hotel, Retail, Office, Commercial, etc are permitted. The site can be development as anything under the Visitor/Recreation Commercial Zoning. In addition, the city has stated (Buyer to Verify) that they are willing to work with a builder/developer to add the unbuild-able acreage behind the ground level property, to the sites F.A.R. (Floor Area Ratio). Thereby increasing the build-able floor plan. Additional APN's that are included in the sale are: 691-411-020; 022; 064; 065. Maximum Height Standard is 31-35 ft and/or 3 stories, refer to Development Standards Link above; Standard F.A.R. is 0.5:1, BUT a maximum F.A.R. of 1.75:1 may be permitted in accordance with Section 9.05.210. Refer to Link above; For the Permitted Uses, refer to Link above. Buyer to complete their investigations. Seller/broker makes no specific representations. A Ground Lease is negotiable.
Rare Opportunity. Property and Business for Sale. Steel fabrication for construction clientele as well as the general public. Two rentable units on property currently leased, producing income. 3 Quonset huts totalling 2,400SF. Corner lot offers street frontage access to 2 alleys and moderate traffic . Behind US Post Office. Conveniently located by Pacific Coast Highway and the 5 freeway.