For Sale
$2,550,000

4221 Market St San Diego, CA 92102

San Diego storefront, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional San Diego investment opportunity presents 3,528 square feet of retail space at 4221-4227 Market Street, situated on a 15,548 square foot lot. The asking price is $2,550,000, or $165 per square foot. Currently occupied by month-to-month retail tenants, providing a steady income stream, this property is ideally suited for redevelopment. The location benefits from the Complete Communities Housing Solutions (CCHS) program, offering a Tier 3:6.5 FAR and streamlined permitting, allowing for higher density housing projects. This program waives the existing base zone floor area ratio. The property is in a highly sought-after neighborhood with robust housing demand and recent comparable land acquisitions support the pricing. The seller will consider seller-carry financing. This presents a unique chance to capitalize on the area's surge in development and flexible affordable housing regulations, making it an attractive proposition for developers seeking mixed-use redevelopment opportunities. The current retail tenants can be retained or replaced before construction begins.

Highlights

  • 3,528 SF retail building on a 15,548 SF lot at 4221-4227 Market Street, San Diego. Asking price: $2,550,000 ($165/SF).
  • Currently generating income from month-to-month retail tenants.
  • Excellent redevelopment opportunity for mixed-use projects.
  • Seller financing considered.

Property Details for 4221 Market St

Property type
Retail properties, Retail space

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.711455624182
Longitude
-117.10423865357

FAQs

What type of property is this?
Retail property - San Diego storefront, redevelopment potential.
Where is the retail property located?
The property is located at 4221 Market St San Diego, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 3,528 SF retail building on a 15,548 SF lot at 4221-4227 Market Street, San Diego. Asking price: $2,550,000 ($165/SF).; Currently generating income from month-to-month retail tenants.; Excellent redevelopment opportunity for mixed-use projects.
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 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 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].
4221 Market 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