547 9th Ave - Hospitality FOR SALE


San Diego, CA 92101- East Village
$8,000,000 USD
818-339-6506
547 9th Ave, San Diego, CA for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

547 9th Ave
San Diego, CA 92101
East Village


HIGHLIGHTS

  • Brand New Built in 2022
  • Brand New Restaurant for a new operator or to lease
  • Upside with new owner-operator or management company
  • Walking distance to Petco Park, restaurants, and major attractions in Gaslamp
  • Near restaurants and major attractions in Gaslamp Quarter
  • Minutes to San Diego Zoo, Sea World, and Children’s Museum & San Diego International Airport

OVERVIEW

The Nevarez Group of Marcus & Millichap is thrilled to present Hotel Gigi, an extraordinary investment opportunity in San Diego’s lively Gaslamp District. With its brand-new built two-story building featuring 20 rooms, this property seamlessly blends charm with modern amenities, ensuring an unforgettable guest experience. Additionally, the soon-to-be-completed brand-new restaurant adds another layer of appeal, providing the new owner with the chance to infuse their personal touch and culinary vision into this exciting venture. Don’t miss out on the chance to be part of this vibrant hospitality opportunity in one of San Diego’s most sought-after locations! Hotel Gigi’s location in San Diego’s vibrant entertainment hub and its proximity to popular attractions make it an appealing investment. With the reopening in 2022, the hotel is poised to write a new chapter in its storied history, offering guests a blend of sophistication and warmth. The inclusion of an 1,800-square-foot restaurant adds to its allure, providing an additional avenue for revenue generation. For an investor looking to make their mark in the hospitality industry, this opportunity presents the perfect canvas to add their unique touches and contribute to the success of a brand-new establishment.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$889 USD /SF

# OF ROOMS

20

PRICE/ROOM

$400,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel GiGi

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CSX, San Diego

APN/PARCEL ID

535-121-02

ASK ABOUT THIS PROPERTY

Eddy NevarezMarcus & MillichapMore Info
818-339-6506

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Eddy NevarezMarcus & MillichapMore Info
818-339-6506

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