3096 National Ave San Diego, CA 92113

This San Diego mixed-use property at 3096 National Ave offers a compelling investment opportunity. Priced at $2,600,000, this 4,241 square foot, Class B property boasts a 4.17% cap rate and a strong net operating income of $108,500. Currently 100% occupied with three tenants under net leases, the property provides immediate cash flow with potential for future redevelopment. Situated on a 17,568 square foot lot with 15 parking spaces, the property features four buildings and is zoned CC-3-6, allowing for mixed-use development. Built in 1940, the property includes 4,059 square feet of net rentable space, with approximately 1-2 years remaining on existing leases. The location in the Logan Heights community offers proximity to the SD Naval Base and the Port of San Diego, along with schools and public transit. An architectural concept design suggests potential for mixed-use retail and residential construction, though necessary permissions and zoning amendments would need to be secured. The property's prime location and redevelopment potential make it an attractive investment in a growing area. All information is based on owner-provided data and public records. APN: 550-032-19.