This offering presents a rare opportunity to acquire a two-building retail and office property in the vibrant North Park neighborhood of San Diego. Spanning approximately 19,953 square feet on a 13,383-square-foot lot, the property is positioned along El Cajon Boulevard, one of the city’s most active commercial corridors. The asset features a mix of ground-floor retail and upper-level creative space, with recent renovations enhancing its appeal for a variety of uses.
The property is currently income-producing with multiple tenants in place, generating stable cash flow and offering upside through lease-up of available space. Zoned CT-2-3 and CU-2-3, the site also benefits from inclusion in a Transit Area Overlay Zone and Sustainable Development Area, providing potential for future mixed-use redevelopment. With a proforma cap rate of 7.05% and an asking price of $5,625,000, this property offers investors a compelling combination of current income and long-term value in one of San Diego’s most desirable urban submarkets.