1620 6th Ave - Freestanding FOR SALE


San Diego, CA 92101- Cortez
$2,750,000 USD
858-373-3132
1620 6th Ave, San Diego, CA for Sale
$2,750,000 USD
Freestanding - FOR SALE
1/8
null | 6.06% Cap Rate

1620 6th Ave
San Diego, CA 92101
Cortez


OVERVIEW

* IRREPLACEABLE DOWNTOWN SAN DIEGO LOCATION * STABILIZED INCOME WITH GLOBAL RETAIL TENANT * EXTENSIVE CAPITAL IMPROVEMENTS – $1M+ INVESTED * MILLS ACT ELIGIBLE – POTENTIAL TAX REDUCTION OF 75% Marcus & Millichap is pleased to exclusively market for sale the fee simple interest in a single tenant retail property located at 1620 6th Ave, San Diego, CA. This offering represents a unique opportunity to acquire a stabilized investment with historic designation in Cortez Hill, one of downtown San Diego’s most desirable neighborhoods known for its tranquil atmosphere, clean streets, and residential appeal. The property boasts a prime location with exceptional connectivity, situated just minutes from the I-5 freeway and within walking distance of Balboa Park, San Diego’s cultural and recreational centerpiece. Cortez Hill’s strategic position offers easy access to the bustling downtown core while maintaining a quieter, more refined environment. The property is leased to Grace Loves Lace, a globally recognized bridal retailer with 26 boutiques. Backed by Seidler Equity Partners, led by the Seidler family—owners of the San Diego Padres—the tenant brings strong financial backing and brand credibility. Housed in a stunning 1928 Spanish Colonial Revival cathedral, the building offers investors a rare blend of architectural beauty, historical significance, and stable tenancy in one of San Diego’s most charming urban neighborhoods.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$681 USD /SF

CAP RATE

6.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

NC

APN/PARCEL ID

533-382-08

ASK ABOUT THIS PROPERTY

Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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