629 2nd St - Medical FOR SALE


Encinitas, CA 92024
$4,100,000 USD
760-840-5240
629 2nd St, Encinitas, CA for Sale
$4,100,000 USD
Medical - FOR SALE
1/22
null | Request Cap Rate

629 2nd St
Encinitas, CA 92024


HIGHLIGHTS

  • Invest in a residential conversion opportunity with office space that blends coastal living with modern convenience in Downtown Encinitas.
  • Encompassing private restrooms with showers and secure garage parking to support an oceanside work-life balance.
  • 629 2nd Street currently exists as an office building with private offices, coworking stations, a conference room, a copy area, and a break room.
  • Steps from the surf, dining, and the vibrant heart of Encinitas, such as Moonlight Beach, The Taco Stand, Herb & Sea, and Better Buzz Coffee.
  • Take in the ocean air at the private rooftop deck, providing the perfect atmosphere for a highly sought-after lifestyle office or resident amenity.
  • Quick access to Interstate 5 via Encinitas Boulevard makes commuting effortless in one of San Diego County’s most desirable markets.

OVERVIEW

Tap into the booming demand for residential living in Encinitas and embark on this mixed-use office and residential opportunity at 629 2nd Street. This property currently exists as a two-story office and medical building, but a conversion to turn the offices into prime residential units is possible. Unlocking the potential of this mixed-use offering presents investors with a value-add opportunity to create residential streams and maximize returns in this sought-after location. 629 2nd Street encompasses unique amenities, such as private restrooms with showers, that make the most of coastal working and living. 629 2nd Street features a secure garage with private elevator access, which adds convenience for all. Finally, the private rooftop deck offers a breathtaking setting for hosting events, mingling, and taking in the surrounding coastal scenery. Located in the heart of Downtown Encinitas, 629 2nd Street is just a short walk from Moonlight Beach and steps from top dining, shopping, and entertainment options. With quick access to Interstate 5 via Encinitas Boulevard, commuting is effortless. In one of Southern California’s most desirable coastal markets showcased by the area’s affluent demographics, boasting an average household income of $160,821 per year and home values nearing $1 million. Whether a business or individual is looking for a prestigious office or an investment opportunity, 629 2nd Street delivers an unmatched combination of location, functionality, and lifestyle appeal.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$1,122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C

APN/PARCEL ID

258-162-12

ASK ABOUT THIS PROPERTY

Peter CurryCushman & WakefieldMore Info
760-840-5240

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Peter CurryCushman & WakefieldMore Info
760-840-5240

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