For Sale
Call for price

2810-2832 Scott StSan Diego, CA 92106

Prime Point Loma Village, 18,630 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional San Diego investment opportunity encompasses three buildings totaling 18,630 square feet of restaurant and retail space in the highly desirable Point Loma Village. Located just one block from San Diego Bay, this fee-simple owned property boasts a prime location near the San Diego Yacht Club and numerous high-end amenities. The property consists of three buildings, two stories, and nine units, all currently 100% occupied by long-term tenants, including two well-established restaurants. Extensive renovations have been completed, including façade enhancements, roof replacements (2013, 2017, 2024), and HVAC upgrades (2024). Current rents average $1.37 per square foot, significantly below market rates of $3.00 to $4.00 plus NNN, presenting a substantial value-add opportunity with upcoming lease expirations. The 0.57-acre lot is zoned CC-4-2, offering flexibility for future development. This rare offering presents a compelling investment opportunity in a robust San Diego market with high demand and significant rental growth potential. The property's history of long-term stable tenancy, coupled with its prime location and recent renovations, ensures a strong return on investment. This is a unique chance to acquire a significant asset in one of San Diego's most sought-after neighborhoods.

Highlights

  • Prime Point Loma location: Fee-simple ownership of a large, rare 18,630 SF site in Point Loma Village, one block from San Diego Bay, near the Yacht Club and high-end amenities.
  • Excellent building condition: Extensive renovations, including façade enhancements (2012), roof replacements (2013, 2017, 2024), and HVAC upgrades (2024).
  • Stable occupancy: 100% occupancy with nine long-term tenants (8-10+ years), including two established restaurants.
  • Significant value-add potential: Below-market rents ($1.37/SF) offer substantial upside with market rates at $3.00-$4.00/SF + NNN and upcoming lease expirations.
  • Strong San Diego market: Robust San Diego market with high demand and rental growth potential in the desirable Point Loma area.

Property Details for 2810-2832 Scott St

Property type
Retail properties, Restaurants
Square Feet
18,630 SF
Class
B
Buildings
3
Stories
2
Lot Size (sq. ft)
24,829 SF
Units
9

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7209221
Longitude
-117.2304764
2810-2832 Scott St, San Diego, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2810-2832 Scott St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message