3965 5Th AveSan Diego, CA 92103

  • Retail properties
  • 65,935 SF
For Lease

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
3965 5Th Ave, San Diego, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$103,431
$958,055
$7,458,918
$8,416,973
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FAQs

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