NEW ON MARKET! Iconic North Park Waldorf Building for Sale


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Pacific Coast Commercial is pleased to present this Rare Value Add Mixed-Use Investment or Owner-User Opportunity located in central San Diego and the heart of San Diego’s most vibrant community, North Park. Northeast of downtown and bordering Hillcrest, Normal Heights, and University Heights, discover how the North Park community caters to a local and tourist crowd with the streets lined with coffee shops, boutiques, art galleries, diverse restaurants, craft beer pubs, and more!


PROPERTY FEATURES:

  • ADDRESS: 3140-3148 University Avenue, San Diego, CA 92104

  • LISTING PRICE: $5,100,000 ($424/SF)

  • CAP RATE: 4.96% (Proforma)

  • BUILDING SIZE: ± 12,022 Sq. Ft. (Per Title)

  • LOT SIZE: ± 7,483 Sq. Ft.

  • APN: 446-431-20-00

  • FIRST FLOOR: Retail (potential to divide into multiple suites)

  • SECOND FLOOR: 7 Residential & Laundry

  • ZONING: CC-3-9 (1 DU: 400 Sq. Ft.)

  • Current FAR = 3.0

  • COMPLETE COMMUNITIES: Tier 3 - Potential 6.5 FAR

HIGHLIGHTS:

  • High Upside - Immediate & Long Term - Ability to Immediately Increase Rent to Market

  • Convert Ground Floor Retail to Multiple Suites

  • “A” Location in the Heart of North Park - Ideal Corner Location with 19,516 VPD

  • Walk Score of 99

  • Surrounded by Numerous Multi-Family Developments

  • Easy Access to I-805 and I-15 Via University Avenue

  • Surrounded by Numerous Amenities & Restaurants

  • 489 Businesses Within a 5 Minute Walk


CONTACT AGENTS TODAY (619) 469-3600


MARTIN F. ALFARO

Associate Vice President

Direct 619 252-2452

Martin@PacificCoastCommercial.com

Lic. 01230078


ANTHONY GOROS

Sales & Leasing Associate

Direct 630 247 5887

Anthony@PacificCoastCommercial.com

Lic. 02098424


10721 Treena Street, Suite 200, San Diego, CA 92131

www.PacificCoastCommercial.com | Lic. 01209930


The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it.. All information including zoning and use should be verified prior to purchase or lease.