2710 Garnet Ave - Storefront FOR SALE


San Diego, CA 92109- Pacific Beach
$12,425,000 USD
619-888-5343
2710 Garnet Ave, San Diego, CA for Sale
$12,425,000 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

2710 Garnet Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • ONE OF SAN DIEGO'S MOST DENSEST BUILDABLE COASTAL SITES
  • 116-170 DEVELOPABLE DWELLING UNITS (Buyer to Verify)
  • LOCATED AT THE GATEWAY OF PACIFIC BEACH

OVERVIEW

ONE OF SAN DIEGO'S MOST DENSEST BUILDABLE COASTAL SITES 116-170 DEVELOPABLE DWELLING UNITS (Buyer to Verify) LOCATED AT THE GATEWAY OF PACIFIC BEACH 2690-2710 Garnet Avenue comprises a two-building shopping center and a standalone retail building, offering a total of 17 retail units. Positioned off Garnet Avenue near the bustling Mission Bay Drive intersection, sees over 61,000 vehicles per day, it benefits from high daily traffic counts and close proximity to both the Balboa Avenue Trolley Station and the I-5 freeway. This prime Pacific Beach location provides excellent visibility and centralized location, making the property well-suited for investors looking to capitalize on redevelopment or hold strategies. - Current NOI: $438,712 - Lot Size: 54,854 SF - Zoning Code: CC-3-8 (Allows a Maximum of 1 Dwelling Unit per 600 SF of Lot Area) - # of Developable Dwelling Units: 116 (Potential for up to 116-170 units Utilizing the Low-Income Bonus, Buyer to Verify) - FAR: 2.5 - Located in the Complete Communities Development Area: The subject property is located in a Transit Priority Area, which allows developers to leverage incentives such as reduced parking requirements, and density bonuses

FOR SALE DETAILS

PRICE

$12,425,000 USD

PRICE/SF

$1,381 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One of SDs Most Dense Buildable Coastal Sites

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

CC-3-8

APN/PARCEL ID

417-250-42

ASK ABOUT THIS PROPERTY

Lev MizanInfinity Investment PropertiesMore Info
619-888-5343

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Lev MizanInfinity Investment PropertiesMore Info
619-888-5343

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