3965 5Th AveSan Diego, CA 92103

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 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.

• 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

FAQs

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