118 S Cedros Ave - Storefront FOR SALE


Solana Beach, CA 92075
$8,995,000 USD
760-518-6552
118 S Cedros Ave, Solana Beach, CA for Sale
$8,995,000 USD
Storefront - FOR SALE
1/32
null | 4.49% Cap Rate

118 S Cedros Ave
Solana Beach, CA 92075


HIGHLIGHTS

  • 100% Occupied with 2 established tenants
  • Both Leases are NNN. Minimal Landlord Responsibility
  • 17,662 CPD and heavy walk by traffic
  • Rare opportunity to own on Cedros Ave, in Coastal Solana Beach
  • Walking distance to Solana Beach Coaster Station and the Beach

OVERVIEW

Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. Property is 100% occupied with 2 well established tenants that have 2 years remaining plus One 5-Year option. Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros. The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures. Combine the two units (10,380 SF) to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far. Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this is truly a unique property.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$866 USD /SF

CAP RATE

4.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

M

APN/PARCEL ID

298-073-42

ASK ABOUT THIS PROPERTY

Nick KaneColdwell Banker Commercial-WestMore Info
760-518-6552

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Nick KaneColdwell Banker Commercial-WestMore Info
760-518-6552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.