1454 Garnet Ave - Freestanding FOR SALE


San Diego, CA 92109
$5,299,000 USD
619-269-6076
1454 Garnet Ave, San Diego, CA for Sale
$5,299,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

1454 Garnet Ave
San Diego, CA 92109


HIGHLIGHTS

  • Rare Freestanding Building with Parking Along Garnet Avenue
  • Excellent Owner/User Opportunity is Supply-Constricted Market
  • Great Covered Land Play with Multi-Family Entitlements in Process

OVERVIEW

Prime Location Along Garnet Avenue • With 125 feet of frontage, the property has prominent exposure and visibility along the bustling Garnet Avenue -- Pacific Beach’s main retail corridor with exceptionally high foot traffic. • Property is surrounded by many restaurants, bars, shops, and boutiques. Freestanding Retail Building with Onsite Parking • The property has rare onsite parking and driveway for direct access along Garnet Avenue. • Building has an open layout with prominent sign along the street. Excellent Coastal Trade Area • Pacific Beach is one of San Diego’s busiest beach communities offering an abundance of dining, shopping, and entertainment options for both locals and tourists. • The area surrounding the property is very densely populated with 96,956 residents plus 3,635 hotel rooms in a 3-mile radius. Excellent Covered Land Play • Owner is currently underway processing entitlements for 60-unit multi-family project (50 studios + 10 1-bedroom apartments) plus underground parking. • The Offering presents a Buyer with an opportunity future development, while still leasing out the existing building for rental income in the interim. Rare Owner/User Opportunity • With a limited number of available buildings of this size along Garnet Avenue, the property is a unique opportunity for an owner/user to purchase a building for their business. • A Buyer can operate their business in the building in the short to midterm, with the potential to redevelop the site or sell to a developer in the future.

FOR SALE DETAILS

PRICE

$5,299,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C-1

APN/PARCEL ID

423-091-21

ASK ABOUT THIS PROPERTY

Rob BloomDUHS CommercialMore Info
619-269-6076

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Rob BloomDUHS CommercialMore Info
619-269-6076

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