$1,750,000

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 School. There are a number of parks close by, including Kit Carson Park, Grape Day Park, and Felicita Park. All offers will be considered. Please contact us if you have any questions, but no additional information concerning the utilities, land, or property is available. Buyer and buyers agent to verify all information, including zoning regulations, possible development, sewer access needed for any development, power, etc.