204 N. Coast Highway 101, Encinitas CA
Prime Residential Development Opportunity & Strategic Covered Land Investment
The Offering
Summary
-
Address
204 N. Coast Hwy 101
Encinitas, CA - Property Type Commercial
- Current Use Retail / Auto Repair
- Site Size 0.57 Acre / 24,829 SF
- Gross Building Area 4,236 SF Combined
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Zoning
N-CM-2 allowing up to
Mixed Use 25 DU/AC - Potential Building Area Minimum 25,000 SF
- Street Frontage 115 Feet on Coast Hwy 101
Opportunity
Cushman & Wakefield is pleased to present a very rare opportunity to purchase an ideally situated property along the Historic Coast Highway 101 in Encinitas. 204 North Coast Highway is steps from downtown Encinitas and Moonlight Beach. The property has in place zoning N-CM-2 allowing up to 25 DU/AC or 21 units (utilizing state density bonus law) in a 100% residential or mixed-use setting. The property is currently leased to Caliber Collision on a short-term lease with no options to renew. This allows an investor or a developer in place NNN income while working through their entitlements. This property presents a number of opportunities:
- New Development - Expansive Residential / Mixed Use / Commercial Zoning Options
- Adaptive Re-Use Development
- Future Development Opportunity through state law progression
See Offering Memorandum for further details.
Highlights
PREMIER LOCATION Located in the Leucadia neighborhood of Encinitas, the Property is walking distance to a vast array of retail and restaurant amenities, scoring a 84/100 Walk Score. 0.5 miles from the Encinitas Coaster & Transit Station.
FLEXIBLE OPPORTUNITY Encinitas’ most expansive zoning - allowing for most commercial activities, including restaurants, as well as multi-family residential (25 units per acre)
EXCELLENT VISIBILITY Positioned along North Coast Hwy 101 with 115 feet of street frontage and 18,347 ADT, the Property offers excellent visibility and signage opportunities.
AFFLUENT DEMOGRAPHICS Within a 1-mile radius, the average annual household income is $161,339. The median home sale price within the Leucadia neighborhood of Encinitas is $2,650,500 (source: Redfin, January 2024).
PROXIMITY TO THE BEACH Unmatched location just 3 blocks from the beach.
Team
Brokerage Team
Jason Kimmel
Senior Director, Development Advisor
Cushman & Wakefield
CA Lic #01328121
858 546 5414
Kevin Nolen
Managing Director, Development Advisor
Cushman & Wakefield
CA Lic #01840398
858 546 5487
Peter Curry
Owen Curry
Brooks Campbell
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