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9/04/25
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A prime redevelopment site of just over half an acre in downtown San Diego has come on the market. The property, known as the California Theatre site, is located at 1122 Fourth Ave, a block north of Broadway.
The California Theatre site is a strategic by-right redevelopment opportunity supported by:
• Fully satisfied historical requirements
• An active Site Development Permit with no expiration
• Non-opposition from Save Our Heritage Organization to demolish and redevelop
• An expedited demolition and redevelopment pathway, such that a new owner may immediately demolish and construct any use allowed by right in the zone or with Density Bonus Law incentives and waivers without the need for further discretionary permits, public hearings or historic restoration obligations.
The site is situated adjacent to the Civic Center, including City Hall and the San Diego Civic Theatre, one of the region’s premier venues for live performance. It also benefits from its location along the C Street trolley corridor, proximity to Interstate 5, the San Diego International Airport and Greater San Diego.
Nearby projects like The Simone and West demonstrate strong investor appetite and market demand for transformative redevelopment opportunities in downtown San Diego.
CBRE’s Jason Kimmel and Kevin Nolen are serving as the exclusive listing agents for the property.
“This site represents a rare opportunity to leverage existing planning approvals to reshape a pivotal block in downtown San Diego on an expedited development timeline,” said Kimmel. “The California Theatre’s redevelopment will be key in advancing the City of San Diego’s long-term vision for the Civic Center district and support continued investment in the downtown core.”
Originally opened in 1927, the California Theatre was known for its Spanish Colonial Revival architecture and detailed interiors. The property remains listed on the local Register of Historical Resources.
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