1532 Coast Highway 101Encinitas, CA 92024

Property Details for 1532 Coast Highway 101

Year built

2022

Property size (Sq ft)

1,931 SF

Zone code

COMMERCIAL

Property type

Office properties

Property subtype

Other office properties

APN

254-054-53-04

APU

2540545304

Description

Leucadia Lofts presents a unique investment opportunity in Encinitas, California. This brand-new, 2022-built, mixed-use development offers three commercial condominiums totaling 8,381 square feet, with individual unit sizes ranging from 1,850 to 8,381 square feet. Located at 1532 and 1536 N Coast Hwy 101, the property boasts premier Highway 101 frontage in the desirable Leucadia neighborhood. The building features high-end finishes, including keyless entry and a 24/7 camera system. Each commercial condo owner enjoys access to 24 exclusive subterranean parking spaces. The expansive N-CRM-1 zoning allows for versatile uses, including office, medical office, retail, and restaurant spaces. The existing condo map provides flexibility for investors, allowing for the sale of individual units. This is a rare opportunity to acquire a modern, coastal commercial property with significant development potential in a highly sought-after location. The building is a two-story structure, and the second floor offers thoughtfully designed creative office spaces. This is the newest commercial development in its neighborhood and the only retail-medical-office building in its coastal market. This property offers a compelling combination of modern amenities, flexible zoning, and a prime location on the iconic Highway 101.

• CAP approach

  CAP return

  Valuation

  6%

  $404,769

  6.5%

  $373,633

  7%

  $346,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,520

  Geo Method

  $679,654

• Alternative Use

  Use

  Valuation

  Residential

  $463,304

  Hospitality

  $424,384

  Educational

  $353,083

  Medical

  $365,226

  Retail

  $549,240

Location Insight

City

Encinitas

County

San Diego

State

California

Latitude

33.0743

Longitude

-117.306

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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