3965 5Th AveSan Diego, CA 92103
- Retail properties
- 65,935 SF
Property Details for 3965 5Th Ave
- Year built
- 1992
- Lot size
- 2.11 AC
- Property size (Sq ft)
- 65,935 SF
- Zone code
- COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 444-672-12-07
- APU
- 4446721207
Description
This exceptional 15,601 square foot property, located at the coveted intersection of Fifth Avenue and University Avenue in Hillcrest, San Diego, presents a unique investment opportunity. Currently configured as a theatre with an existing ABC Type 41 license permitting on-site beer and wine sales, this versatile space offers significant potential for repurposing. Imagine transforming this landmark building into a thriving retail establishment, modern office space, or a cutting-edge entertainment venue. The possibilities are endless. The high-visibility location boasts over 35,928 vehicles passing daily, ensuring maximum exposure for your business. Surrounded by popular establishments such as Los Panchos, Lemonade, Snooze, and Burger Lounge, this property benefits from a vibrant and thriving neighborhood. Its strategic location offers easy access to Highway 163, Balboa Park, and San Diego International Airport. Hillcrest's designation as one of San Diego's most desirable urban neighborhoods and its projected increased density further enhance the long-term value and growth potential of this remarkable property. This single-tenant building is ready for its next chapter, offering a blank canvas for a creative entrepreneur or investor to capitalize on its prime location and adaptable space. The existing infrastructure and ABC Type 41 license provide a significant head start for any new venture. Don't miss this chance to own a piece of Hillcrest history.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $20,316,928
- 6.5%
- $18,754,086
- 7%
- $17,414,508
-
Comparable approach
- Method
- Valuation
- Relative Method
- $26,891,346
- Geo Method
- $58,481,996
-
Alternative Use
- Use
- Valuation
- Residential
- $15,819,774
- Hospitality
- $14,490,828
- Educational
- $12,056,199
- Medical
- $12,470,830
- Retail
- $18,754,086
Location Insight
- City
- San Diego
- County
- San Diego
- State
- California
- Latitude
- 32.7493
- Longitude
- -117.16
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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