900 Melrose Place Unit #1, Encanto, CA 92114

Property Description

CALLING ALL DEVELOPERS! This awesome 60,112 square foot (1.37 Acres) parcel with Views to the Bay and Coronado Bridge is full of Opportunity! Situated in beautiful Emerald Hills in a cul-de-sac, a true developers dream come true! Owner started the process to develop up to 15 SINGLE Family Homes + ADU's! This is NOT RAW Land as Owner has began process for: Soils, Civil Engineering Prelim Work & Developmental. ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act is a new tax incentive provision promoting investment in economically distressed communities.