619-994-8896
233 A St, San Diego, CA for Sale
Office - FOR SALE
1/15
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233 A St
San Diego, CA 92101
Civic Core


OVERVIEW

The Centre City Building presents a rare opportunity to acquire a designated historic high-rise in the heart of Downtown San Diego with an advanced adaptive reuse plan for residential conversion. Originally constructed in 1927 as the Medico-Dental Building and listed on the National Register of Historic Places since 1979, the property combines architectural character with a redevelopment strategy designed to capitalize on growing demand for urban housing in the city’s core. The proposed project contemplates 159 residential units consisting of a mix of studio and one-bedroom apartments, including market-rate and moderate-income units. The building’s shallow floor plates and large operable windows support efficient residential layouts while preserving significant historic features. Plans are reportedly in the fourth plan check phase, providing prospective investors with a project that has progressed through a substantial portion of the entitlement and review process. Located near San Diego City Hall, the Central Courthouse, Civic Center Plaza, and major downtown employment centers, the property benefits from immediate access to government, professional, retail, dining, and transit amenities. The surrounding downtown market continues to experience residential investment activity, including multiple proposed and under-construction multifamily developments. The location also provides convenient connectivity to Balboa Park, the Cortez neighborhood, Little Italy, the Gaslamp Quarter, and San Diego International Airport. An additional component of the investment profile is the property's eligibility for the Federal Historic Tax Credit program. According to project materials, qualified rehabilitation expenditures may generate significant historic tax credit value, creating a potential source of project capital while supporting preservation of the building’s historic character.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centre City Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

14

BUILDING CLASS

C

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CBD

APN/PARCEL ID

533-433-06

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David SantistevanColliersMore Info
619-994-8896

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David SantistevanColliersMore Info
619-994-8896

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