NEW ON MARKET! Rare North Park Investment for Sale | Mixed-Use Value Add Property


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Pacific Coast Commercial is pleased to present this Rare Value Add Mixed-Use Investment 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:

3074-3080 University Avenue, San Diego, CA 92104


LISTING PRICE:

$3,950,000 ($396/SF)


CAP RATE:

5.63% (Proforma)


BUILDING SIZE:

± 9,971 Sq. Ft. (Per Title)


LOT SIZE:

± 6,089 Sq. Ft.


APN:

446-414-12-00


FIRST FLOOR:

3 Retail Suites + Garage


SECOND FLOOR:

7 Residential + Roof Patio & Laundry


ZONING:

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

Current FAR = 3.0


COMPLETE COMMUNITIES:

Tier 3 - Potential 6.5 FAR (Link)


PROPERTY HIGLIGHTS:


High Upside - Immediate & Long Term

Ability to Immediately Increase Rent to Market

Convert Garage to Retail

“Mark to Market” Dental Suite


“A” Location in the Heart of North Park

61’ Frontage on University Avenue (21,766 VPD)


Walk Score of 99

1 Block away from Iconic “30th & University” Intersection


Easy Access to I-805 and Hwy 163 Via University Avenue


Surrounded by Numerous Amenities & Restaurants

489 Businesses Within a 5 Minute Walk



Contact Pacific Coast Commercial (619) 469-3600


TOMMAS GOLIA

Associate Vice President

Direct 858 598 2891

Tommas@PacificCoastcommercial.com

Lic. 01890744


COLTON SPEAS

Sales & Leasing Associate

Direct 858 598 2873

Colton@PacificCoastCommercial.com

Lic. 02062812


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.