1250 Prospect StSan Diego, CA 92037

  • Retail properties
  • 40,896 SF
For Lease

Property Details for 1250 Prospect St

Year built
1975
Lot size
0.56 AC
Property size (Sq ft)
40,896 SF
Zone code
COMMERCIAL
Property type
Retail properties
Property subtype
Retail space
APN
350-050-20-00
APU
3500502000

Description

1250 Prospect Street, San Diego, CA 92037 presents an exceptional opportunity for retail and restaurant businesses seeking a prime coastal location. This 14,532 square foot commercial property offers multiple tenancy options, with four suites available. Individual suite sizes range from a minimum of 1,044 square feet to a maximum contiguous space of 6,747 square feet. Currently, there is 11,330 square feet of vacant space available, providing significant potential for expansion or multiple tenant occupancy. The property is located in San Diego County and benefits from its proximity to established businesses, including George's and Blue Ocean (names used for illustrative purposes only). This location offers high visibility and accessibility, making it an ideal choice for businesses seeking strong foot traffic and brand exposure. The property's versatile layout allows for customization to suit a variety of business needs. This is a rare opportunity to secure a prominent space in a highly desirable coastal area. Inquire today for detailed lease terms and availability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,601,517
    6.5%
    $11,632,170
    7%
    $10,801,301
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,679,282
    Geo Method
    $36,273,296
  • Alternative Use

    Use
    Valuation
    Residential
    $9,812,171
    Hospitality
    $8,987,895
    Educational
    $7,477,824
    Medical
    $7,734,998
    Retail
    $11,632,170
1250 Prospect St, San Diego, California

Location Insight

City
La Jolla
County
San Diego
State
California
Latitude
32.8494
Longitude
-117.272
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$276,209
$11,479,332
$10,782,002
$22,261,334
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FAQs

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