118 Cedros AveSolana Beach, CA 92075

Property Details for 118 Cedros Ave

Lot size

0.39 AC

Zone code

INDUSTRIAL (M ZONE)

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

298-073-42-00

APU

2980734200

Description

This exceptional Solana Beach investment opportunity presents a rare chance to acquire a 10,382 square foot retail property located on Cedros Avenue in the highly sought-after Cedros Design District. The property, available for the first time in 50 years, boasts a strong 4.49% cap rate and a substantial net operating income (NOI) of $404,064. Currently 100% occupied by two well-established tenants with remaining leases of two years plus a five-year option, this offering ensures immediate cash flow and long-term stability. Situated just 30 feet from the intersection of Lomas Santa Fe Drive and Cedros Avenue, the property benefits from high visibility and significant daily traffic (17,662 cars). The two separate units (4,790 sq ft and 5,592 sq ft) offer flexibility for a variety of commercial uses, or can be combined for a larger space. The property's proximity to the Belly Up Music Venue further enhances its appeal and potential for success. This is a unique chance to own a substantial retail presence in a vibrant, high-demand location with a proven track record. The asking price is $8,995,000. This property is zoned for commercial use and is located in San Diego County, California, zip code 92075.

Location Insight

City

Solana Beach

County

San Diego

State

California

Latitude

32.9916

Longitude

-117.27

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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