1155 Scott St

We are pleased to present an approx. 5,000 square foot parcel of land for sale in Point Loma at the entrance to Shelter Island. Currently the property has a long term land lease (NNN) AND sublease to the Loma Bonita Taco shop. BOTH LEASES EXPIRE January 31st, 2021. Highest and best use is either as a multi-residential development OR as a value-add restaurant space. The existing structure is 1,257 SqFt and is leased to the Loma Bonita Taco Shop for $2,200 per month. There are 10 parking spaces on site.

The zoning CV-1-2 is intended to accommodate a mix of visitor-serving uses and residential uses with a pedestrian orientation and permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area. This translates to about 3 units.

The owner's intention is to cash out.