1602 Coast HwyOceanside, CA 92054

Property Details for 1602 Coast Hwy

Lot size

0.91 AC

Property size (Sq ft)

13,042 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Other automotive properties

APN

153-112-01-00

APU

1531120100

Description

This exceptional investment opportunity presents three commercial retail condominium units within the prestigious Tower 1888 development in Oceanside, California. Located at 1602 S Coast Hwy, these units are situated in a vibrant, walkable beach community, offering unparalleled access to the stunning California coastline and the bustling downtown Oceanside area. Each unit boasts a spacious, open floor plan with high ceilings and expansive windows, allowing for an abundance of natural light. Unit sizes range from approximately 1,005 to 1,200 square feet, with each including one ADA-compliant restroom featuring a shower. The units are delivered in a "white box" shell condition, providing flexibility for tenant build-out. Onsite commercial parking is available (one space per 300 square feet, totaling 11 spaces, including one EV charging space), supplemented by additional public street parking. The property's strategic location along South Coast Highway and Morse Street, with convenient access to the I-5 freeway, ensures excellent visibility and accessibility. This is an ideal opportunity to own a piece of thriving Oceanside's commercial real estate market, offering a blend of beachside serenity and modern convenience. The land value is priced between $845 and $945 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $4,018,706

  6.5%

  $3,709,574

  7%

  $3,444,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,319,132

  Geo Method

  $11,567,790

• Alternative Use

  Use

  Valuation

  Residential

  $3,129,165

  Hospitality

  $2,866,298

  Educational

  $2,384,726

  Medical

  $2,466,741

  Retail

  $3,709,574

Location Insight

City

Oceanside

County

San Diego

State

California

Latitude

33.1783

Longitude

-117.364

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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