For Sale
$2,260,000

301 Washington StSan Diego, CA 92103

Prime San Diego location, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional San Diego retail property presents a rare owner-user opportunity with significant income potential. Located in the highly desirable Mission Hills neighborhood, this 4,347 square foot, Class A, multi-tenant retail condo offers a versatile layout ideal for various uses. The property includes a 1,500 square foot suite currently built out as a quick-service restaurant, complete with a grease trap, freezer/cooler, multiple floor drains, and abundant power. This suite generates a monthly income of $9,815 (base rent plus NNN). Built in 2007, the property boasts a prime location steps from Scripps Mercy Hospital, Balboa Park, and the Hillcrest business district. The asking price is $2,260,000, representing a 5.86% cap rate. The property is zoned CC-3-8 and is suitable for a 1031 exchange. This is a first-floor retail condo

Highlights

  • First-floor, multi-tenant retail condo suite.
  • ±4,347 square feet total; Suite 301 is ±1,500 square feet, currently built-out as a quick-service restaurant with grease trap, freezer/cooler, multiple floor drains, and ample power.
  • Available for owner-user or investor.
  • $9,815/month base rent plus NNN expenses.
  • 5.86% capitalization rate.
  • 2007 construction.

Property Details for 301 Washington St

Property type
Retail properties, Restaurants
Square Feet
4,347 SF
Class
A
Year Built
2007
Stories
1

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7496525
Longitude
-117.1663455
301 Washington St, San Diego, California

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301 Washington St
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