4221-4227 Market St - Storefront FOR SALE


San Diego, CA 92102
$2,550,000 USD
702-866-9657
4221-4227 Market St, San Diego, CA for Sale
$2,550,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

4221-4227 Market St
San Diego, CA 92102


HIGHLIGHTS

  • Current income from retail tenants
  • Redevelopment Opportunity

OVERVIEW

Cyrus & Emilia Inc is pleased to present the opportunity to acquire 4221-4227 Market Street including the adjacent lot on Toyne Street. This offering features a retail building of 3,528 square feet and a lot size of 15,548 square feet, ideal for redevelopment. Asking price is $2,550,000. Key Highlights: 1. Location. Situated in a neighborhood experiencing a surge in development due to more flexible affordable housing regulations compared to other neighboring communities in San Diego. 2. Development Potential. The property is primed for redevelopment with an increased floor area ratio, making it ideal for developers looking to capitalize on the demand for housing. 3. Current Income Stream. The property currently hosts retail tenants on a month-to-month basis, providing a steady income stream that can support developers during the planning and permitting phases. These tenants can be retained for an extended period or replaced prior to the commencement of construction.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jordan Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CN 1-4

APN/PARCEL ID

547-101-03

ASK ABOUT THIS PROPERTY

Cyrus RapinanCyrus & Emilia, Inc.More Info
702-866-9657

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Cyrus RapinanCyrus & Emilia, Inc.More Info
702-866-9657

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