1358 Montiel Road

Description

This 1.55-acre pair of parcels located at 1358 Montiel Rd in Escondido, CA is the perfect opportunity for developers looking to build a stunning new property. Each lot is zoned for R-1, SFR. With current zoning at 7.3 units per acre, one could feasibly put perhaps 10 units on these parcels, depending on the city and county. The property is also located in a prime location, just minutes from the city center and all of its amenities, as well as the shopping center and Costco located just off Nordahl, 1 mile away. The property is currently home to a single-family residence, but the value of the land is in its potential development. The property is located on a quiet street with mature trees, making it the perfect place to build homes. The property is also close to schools, parks, and shopping, making it a great place to live, work, and raise a family. Directly adjacent to these lots is an approximately 64-unit development built in 2015. Buyer to investigate current and future possibilities regarding density of housing possible on this property. This is a great opportunity for developers to purchase a large parcel of land in a prime location. Several local schools that are close to the property include Escondido High School, Monte Vista Elementary School, and Hidden Valley Elementary