Vacant Commercial Land in Escondido, CA - Mercado District Development Opportunity

This listing presents a prime development opportunity for a 3,700 sq ft vacant lot located in the heart of Escondido, California's Mercado District. The property offers significant potential for building commercial or residential units, with the possibility of constructing up to four stories. Its flat and level terrain simplifies development plans, and there are no stated parking restrictions (subject to developer/designer discretion). Situated within walking distance of Downtown Escondido's main street, restaurants, and new apartment developments, the lot is also adjacent to a recently approved 32-unit residential project, highlighting its strategic location and growth potential. The previous 2 bed 1 bath structure was demolished in 2023. Financing options include cash or vacant land financing, with yearly property taxes as the current expense.