3500 5Th AveSan Diego, CA 92103

Property Details for 3500 5Th Ave

Year built

1963

Lot size

0.46 AC

Property size (Sq ft)

36,263 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

452-406-14-00

APU

4524061400

Description

The Webster Medical Building, a three-story Class C office building in San Diego County's Bankers Hill submarket, offers exceptional value. Built in 1971 and renovated in 1988, this multi-tenant property boasts a total of 32,563 square feet. Currently, there are 5,419 square feet of vacant space available, divisible into units as small as 1,320 square feet. The largest contiguous space available is 2,093 square feet, ideal for a variety of businesses. The building caters to both traditional office and medical office tenants. One-year lease terms are available, making this an attractive option for businesses seeking flexibility. Ample parking is included, a significant advantage in this desirable location. This property presents a unique opportunity to secure office space at the lowest rate in the Bankers Hill/Hillcrest area. The building's central location within Bankers Hill provides easy access to numerous amenities and transportation options. Contact us today to learn more about the available spaces and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $11,173,925

  6.5%

  $10,314,392

  7%

  $9,577,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,789,731

  Geo Method

  $32,163,990

• Alternative Use

  Use

  Valuation

  Residential

  $8,700,576

  Hospitality

  $7,969,680

  Educational

  $6,630,680

  Medical

  $6,858,720

  Retail

  $10,314,392

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7418

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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