Downtown Development Opportunity - ±27,878 SF Lot with Significant Multifamily and Mixed-Use Potential

Highlights:

• ±27,878 SF corner lot in Downtown Oxnard.
• DT-G (Downtown General) zoning allows multifamily, mixed-use, commercial, live/work, office, retail, and other uses.
• No maximum residential density or FAR under the DT-G zoning code.
• Approximately 0.30 miles from the Oxnard Transit Center, creating potential AB 2097 parking benefits.
• Potential development opportunities under California Density Bonus Law, AB 2011/AB 2243, and AB 1287.
• Base height of 85 feet, with potential for 106 feet through the Downtown Code community-benefit program, subject to approval.
• 10% private open space and 7% public open space requirements.
• Existing indoor swap meet / multi-vendor retail use; existing building size requires verification.

Description:

PartnersCRE is pleased to present a 27,878-square-foot development opportunity at 246 W 6th Street in Downtown Oxnard, California. The corner parcel, located at a signalized intersection and approximately 0.30 miles from the Oxnard Transit Center, is zoned DT-G (Downtown General) and currently improved with an indoor swap meet and multi-vendor retail use.

The DT-G zoning provides flexibility for a range of development concepts, including multifamily residential, mixed-use, affordable housing, live/work, office, hotel, retail, restaurant, and service uses. The zoning is designed to support a pedestrian-oriented downtown environment and does not establish a maximum dwelling-unit density or FAR; development potential is instead governed by applicable objective standards and site-specific requirements.

The site may also benefit from California density bonus and transit-oriented development legislation, including AB 2345, AB 1287, AB 2097, and AB 2011/AB 2243, subject to project eligibility and City confirmation. Given its proximity to the Oxnard Transit Center, AB 2097 may eliminate minimum automobile parking requirements if the transit center qualifies as a major transit stop under state law.

Additional development considerations include an 85-foot base height, with potential for up to 106 feet through the community-benefit height program, subject to applicable approvals, including a Development Agreement and FAA review. The site is also subject to 10% private and 7% public open-space requirements, along with potential overlay and site-specific requirements, including Shopfront Overlay, Airport Hazard Overlay, AHP/AHD additive-zone provisions, and rear alley access.

With its Downtown location, transit proximity, flexible zoning, and potential housing and development incentives, 246 W 6th Street offers a compelling opportunity for developers seeking to participate in the continued growth and revitalization of Downtown Oxnard.

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