1434-1444 Garnet Ave - Storefront FOR SALE


San Diego, CA 92109- Pacific Beach
$2,800,000 USD
858-490-0000
1434-1444 Garnet Ave, San Diego, CA for Sale
$2,800,000 USD
Storefront - FOR SALE
1/34
null | 6.83% Cap Rate

1434-1444 Garnet Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • This is a mixed-use property, currently there is a large retail space in the front and 3 residential units in the back & can be built more.

OVERVIEW

1ST TIME ADVERTISED - 6 Short blocks to the beach & 6 blocks to La Jolla, in 1 of the photos you can even see the famous Crystal Pier - If you go to the property please don’t tell others this property is for sale - Very visible standalone building - 100% rented - Buy this mixed-use property in Pacific Beach with easy alley & street access - Located at 1434 - 44 Garnet Avenue, San Diego CA 92109 - 50 feet frontage & 125 feet deep - There is a 2,753 square foot large retail building in the front facing the sidewalk which can be turned into 3 separate retail stores - There are 2 motor homes & 1 studio / office in the back for residential use - There is a billboard on the property which brings in $450 monthly income - Total monthly rental income is $15,950 - 100% occupied based on Month to Month rental agreements so the buyers can use any / all of the spaces for themselves - High demand area - Approximately 32,000 slow speed vehicles pass in front of this property every day so there is no need to advertise to get people to go to this property - Reserved parking spaces in the back & plenty of free street parking in the front - I personally own a 21 unit commercial building 3 blocks to the West of this property which I bought over 28 years ago, I have never had any vacancies & have a long waiting list - 10 Minutes or 6 miles away from the main airport in San Diego - 2 Miles from Freeway 5 - Zoning is CC-4-2 - According to the City, if the buyers wish they can build up to 35 feet high & 4,686 square feet of residential & retail spaces which is 75% of the 6,249 square foot lot - Buyers to contact the City to confirm all of the above info before close of escrow - A 30 to 90 day escrow is OK - Less than 200 feet from the famous Mr. Frostie Ice Cream, Health Club, O’Reilly’s Auto Parts, a large sports equipment store & walking distance to dozens of restaurants & sports bars - Large newer sliding gate in the back & a small pedestrian gate in the front - If you would like to see the inside call me to make an appointment - & many more……. - If you have any questions please contact me, Bob Nourani

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,017 USD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CC-4-2

APN/PARCEL ID

423-091-16-00

ASK ABOUT THIS PROPERTY

Robert NouraniBalboa Real EstateMore Info
858-490-0000

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Robert NouraniBalboa Real EstateMore Info
858-490-0000

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