The Franco Realty Group is proud to exclusively present for sale the retail and office building located at 4870 Santa Monica Avenue in Ocean Beach. This 4,802 sqft commercial building sits on a 7,000 sqft lot with about 15 onsite parking spaces. There is so much land in the back of this property that a developer has the opportunity to develop a couple of ADUs. The property is zoned cc-4-2, which means, a new owner can convert the upstairs office space into residential units and possibly add more residential units in the parking lot. The location is phenomenal! The OB Farmer's Market, pier, beach, Newport Avenue and more are all within walking distance.
This is a great opportunity for a business to purchase a retail or office building and operate their business out of this location. All of the leases are on month to month agreements. This is a great opportunity for someone to take advantage of SBA Financing with as little as 10% down payment.
The current landlord has kept the building in excellent condition with new travertine & wood flooring throughout. The HVAC, plumbing, roof, electrical and more are all in good condition.