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.