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.
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