3876 38Th StSan Diego, CA 92105

Property Details for 3876 38Th St

Year built

1969

Lot size

0.16 AC

Property size (Sq ft)

2,262 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

447-481-28-00

APU

4474812800

Description

This exceptional San Diego commercial property, located at 3876 38th Street, is offered at $1,250,000. Situated conveniently off University Avenue between the 805 and 15 freeways, this property boasts a substantial 2000+ square foot building currently operating as a restaurant and catering business. The versatile space includes a fully equipped industrial kitchen, two large walk-in storage areas, a dedicated dining area for guests, and a separate food sales area. Two bathrooms are provided – one for customer use and a second for staff. A small studio space at the rear of the building offers additional potential uses, such as an office. Ample gated parking is available, accessible from both the street and a rear alley, making deliveries exceptionally convenient. This property presents significant potential for future development and expansion, situated in a rapidly redeveloping area of San Diego, California (zip code 92105). The property is zoned for commercial use and includes land. The property is located in San Diego County.

• CAP approach

  CAP return

  Valuation

  6%

  $697,003

  6.5%

  $643,387

  7%

  $597,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $922,548

  Geo Method

  $2,006,314

• Alternative Use

  Use

  Valuation

  Residential

  $542,721

  Hospitality

  $497,130

  Educational

  $413,606

  Medical

  $427,831

  Retail

  $643,387

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7493

Longitude

-117.112

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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