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911 Seacoast Drive, Imperial Beach, California 91932, Imperial Beach, - bed, bath

home-pic
ACTIVE$2,800,000
911 Seacoast Drive, Imperial Beach, California 91932
0Bed
0Bath
4,000Sqft
Lot
Year Built
1910
Close
-
List price
$2.8M
Original List price
$3.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250020492SD
Home ConditionTear down
Features
Excellent View:
View-

About this home

Value in Land: This is a fantastic opportunity for buyers or investors to acquire a prime lot in the heart of Imperial Beach, located just steps from the iconic pier on Seacoast Drive. The land is perfectly situated for a variety of uses, including restaurants, condos, small businesses, and more. Zoned as "C/MU-2" 1 unit per 1200 SqFt of lot. Currently, the property includes a shell shop that is closing with this sale. While all inventory will be removed, the building itself will remain. Additionally, there is a small weathered shed and antenna on-site, which is currently under an active lease Verizon contract. The lease provides a steady monthly income of $2,800 and runs through May 31st, 2029. The buyer must continue the lease. This is an incredible chance to develop in one of the most desirable locations in Imperial Beach. Don't miss out on this rare opportunity! Buyer & Buyers agent to verify all property characteristics; MLS information deemed to be reliable, but not guaranteed.

Price History

Date
Event
Price
10/23/25
Price Change
$2,800,000
03/03/25
Listing
$3,200,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (50 Listings)
Beds03
Baths02
Square foot4,0001,428
98%
Lot Size06,602
Price$2.8M$865K
98%
Price per square foot$700$661
57%
Built year19101959
2%
HOA
Days on market246163
92%
Condition Rating
Tear down
The property was built in 1910, making it over 50 years old. The description explicitly states 'Value in Land' and refers to the existing structure as a 'shell shop' with all inventory to be removed, implying it is not a functional, livable residential unit. There are no interior images of a kitchen or bathroom, and the text suggests the property's value is in its redevelopment potential, aligning with the criteria for a tear-down.
Pros & Cons

Pros

Prime Coastal Location: The property boasts an exceptional location just steps from the iconic Imperial Beach pier on Seacoast Drive, offering high desirability for future development.
Exceptional Development Potential: Zoned C/MU-2 with a density of 1 unit per 1200 SqFt of lot, the property is perfectly suited for a variety of uses including condos, restaurants, and small businesses, maximizing its future value.
Existing Income Stream: An active Verizon lease provides a steady monthly income of $2,800 until May 31st, 2029, offering immediate cash flow to the buyer.
Focus on Land Value: Explicitly marketed as 'Value in Land,' this property is ideal for developers and investors looking to capitalize on a prime development site rather than existing structures.
Versatile Use Zoning: The C/MU-2 zoning allows for a broad spectrum of commercial and mixed-use projects, providing significant flexibility for future development plans.

Cons

Demolition Costs & Delays: The existing 1910 building and weathered shed are likely tear-downs, which will incur significant demolition expenses and potentially delay the commencement of new development.
Verizon Lease Obligation: The buyer is obligated to continue the Verizon lease until May 2029, which may restrict immediate full site utilization or comprehensive redevelopment plans for the entire parcel.
Age and Condition of Existing Structures: The current structures, built in 1910 and described as a 'shell shop' and 'weathered shed,' hold little to no intrinsic value and represent a liability rather than an asset for the property.

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