2926-2936 Lincoln Ave - Storefront Retail/Residential FOR SALE


San Diego, CA 92104- North Park
$1,895,000 USD
858-243-7757
2926-2936 Lincoln Ave, San Diego, CA for Sale
$1,895,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | Request Cap Rate

2926-2936 Lincoln Ave
San Diego, CA 92104
North Park


HIGHLIGHTS

  • MIXED-USE | 6 Unit | 1st Floor Retail | 2nd Floor Apartments
  • Potential Added Value from recapture of expenses, increased rent, property improvements, future redevelopment.
  • Mixed-Use Leases giving a new owner power to take the property where they desire.
  • Cohesive Tenants that work and live locally. | Solid demographics with loyal customers.
  • Excellent Visibility near the intersection of 30th Street.
  • Low Vacancy in walkable residential, retail, restaurant and entertainment zone.

OVERVIEW

PRICE REDUCTION! This property is located in the high demand area of North Park for investors, owner-users and developers. Why is it in high demand? Densely populated neighborhood, bustling high traffic local retail, attractive zoning, low vacancy, high rents, long-term appreciation. It is located near the busy hub of Lincoln Avenue and 30th Street, which is walkable to prime retail, farmers market and annual festivities. The mixed-use aspect of this investment property gives a new owner. (3) Three retail tenants with stable cashflow, ability to grow the bottom line through recapturing operating expenses in a NNN lease format (3) Three apartment units ready to be upgraded and revenue increased. This property offers an investor an opportunity to increase the Net Operating Income of the property and hold an asset in popular area of San Diego, California.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Park Mixed-Use Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,769 SF

ZONING

CC-3-6

APN/PARCEL ID

446-363-14,446-363-15

ASK ABOUT THIS PROPERTY

Kris BoehmerPacific Coast CommercialMore Info
858-243-7757

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Kris BoehmerPacific Coast CommercialMore Info
858-243-7757

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