1000 Prospect StSan Diego, CA 92037

Property Details for 1000 Prospect St

Year built

1975

Lot size

0.08 AC

Property size (Sq ft)

3,752 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

350-032-20-00

APU

3500322000

Description

This exceptional restaurant space is situated on Prospect Street in the heart of Downtown La Jolla, renowned as "Restaurant Row." The property boasts a highly desirable location within one of San Diego's most affluent communities, benefiting from strong daytime demographics, a wealthy residential base, and a constant influx of tourists throughout the year. This is a truly turnkey opportunity, offering a fully equipped and operational space ready for immediate occupancy. A new direct lease can be negotiated for a credit-worthy tenant. The high-traffic location provides excellent visibility, enhanced by a signature storefront with prime signage opportunities. Its convenient proximity to the beach walking path further increases foot traffic and visibility. This is a rare chance to acquire a fully operational restaurant in a premier location, minimizing start-up costs and maximizing immediate revenue potential. The property is a single-tenant space in San Diego County, offering a seamless transition for a new operator. This is an exceptional opportunity for a discerning restaurateur seeking a prime location with established infrastructure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,156,125

  6.5%

  $1,067,192

  7%

  $990,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,530,239

  Geo Method

  $3,327,890

• Alternative Use

  Use

  Valuation

  Residential

  $900,217

  Hospitality

  $824,594

  Educational

  $686,052

  Medical

  $709,647

  Retail

  $1,067,192

Location Insight

City

La Jolla

County

San Diego

State

California

Latitude

32.8476

Longitude

-117.275

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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