835 5Th AveSan Diego, CA 92101

Property Details for 835 5Th Ave

Year built

1988

Lot size

0.11 AC

Property size (Sq ft)

23,600 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail space

APN

533-575-02-00

APU

5335750200

Description

This exceptional 4,500 square foot single-tenant retail or restaurant space is ideally located at 835 Fifth Avenue in San Diego, California, 92101. Situated in the heart of downtown, this property benefits from an unparalleled location within a thriving commercial district. The area boasts a significant concentration of employment opportunities, with over 81,000 jobs currently located in the immediate downtown area. Furthermore, the property's proximity to the Campus at Horton Plaza, just two blocks away, adds an additional 3,000 jobs to the immediate catchment area, ensuring a high volume of potential customers. This strategic location places the property within easy reach of San Diego's highest-volume restaurants, guaranteeing a strong and consistent customer base. The property is classified as retail and restaurant, making it suitable for a wide range of businesses. The single-tenant occupancy provides flexibility and control for the prospective owner or operator. This presents a unique investment opportunity in a high-demand location with significant potential for growth and profitability. The property's size and location make it an attractive proposition for businesses seeking a prominent presence in a bustling urban environment. This is a rare chance to acquire a prime commercial space in one of San Diego's most dynamic and sought-after areas. The property's address is 835 Fifth Avenue, San Diego, CA 92101.

• CAP approach

  CAP return

  Valuation

  6%

  $7,272,002

  6.5%

  $6,712,618

  7%

  $6,233,145

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,625,173

  Geo Method

  $20,932,360

• Alternative Use

  Use

  Valuation

  Residential

  $5,662,344

  Hospitality

  $5,186,677

  Educational

  $4,315,254

  Medical

  $4,463,662

  Retail

  $6,712,618

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7142

Longitude

-117.16

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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