500 4Th AveSan Diego, CA 92101

Property Details for 500 4Th Ave

Year built

1930

Lot size

0.24 AC

Property size (Sq ft)

13,000 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail properties

Property subtype

Turn key restaurants

APN

535-081-14-00

APU

5350811400

Description

This exceptional 13,000 square foot hospitality property, located at 500 Fourth Avenue in San Diego's vibrant Gaslamp Quarter, presents a unique owner-user opportunity. The building, previously operating as a nightclub and restaurant, boasts two units and sits on an 11,000 square foot lot. Renovated in 2010, the property is ideally situated in a prime corner location within this renowned entertainment district. Its versatile layout makes it suitable for a variety of hospitality or retail uses. The building offers significant potential for an investor seeking a strong return or an owner-operator looking to establish a thriving business in a high-traffic area. Seller financing is available, making this an even more attractive investment proposition. The property is categorized as both hospitality and retail, offering flexibility for diverse business models. This is a rare chance to acquire a substantial commercial property in one of San Diego's most sought-after locations. Further details, including pricing, are available upon request. The property is located in San Diego County, California, zip code 92101.

• CAP approach

  CAP return

  Valuation

  6%

  $4,005,764

  6.5%

  $3,697,628

  7%

  $3,433,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,302,002

  Geo Method

  $11,530,537

• Alternative Use

  Use

  Valuation

  Residential

  $3,119,088

  Hospitality

  $2,857,068

  Educational

  $2,377,047

  Medical

  $2,458,797

  Retail

  $3,697,628

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7107

Longitude

-117.161

CBSA code

41740

CBSA name

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

Property Tax & Assessments

FAQs

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