For Sale
$4,399,999

748 6Th AveSan Diego, CA 92101

Prime San Diego Retail, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail property, located at 748-752 6th Avenue in San Diego's Gaslamp District, presents a compelling investment opportunity. The 6,624 square foot building, constructed in 1930, features three retail spaces across two stories, currently boasting 100% occupancy with three tenants under a NNN lease structure. The property generates a substantial net operating income (NOI) of $284,541, yielding a 6.47% cap rate. The asking price is $4,399,999. Situated in a high-traffic area with excellent foot traffic, this location benefits from its proximity to popular attractions and amenities, including the San Diego Convention Center and Petco Park. The property's zoning is GQPD. The building's prime location within the vibrant Gaslamp District ensures high visibility and customer engagement, making it an attractive proposition for both retail businesses and investors seeking strong returns and long-term value appreciation. The property's historic charm, combined with its modern functionality, creates a unique and desirable setting for businesses. Excellent public transportation and nearby parking further enhance its appeal. This is a rare opportunity to acquire a fully leased, high-performing retail property in one of San Diego's most sought-after locations. The APN is 535-093-11.

Highlights

  • Prime location near popular attractions and amenities.
  • High-traffic area with strong pedestrian traffic.
  • Downtown San Diego core location.

Property Details for 748 6Th Ave

Property type
Retail properties, Retail space
Square Feet
6,624 SF
Year Built
1930
Buildings
1
Stories
2
Units
3

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7132702
Longitude
-117.1594151
748 6Th Ave, San Diego, California

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748 6Th Ave
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