748 6Th AveSan Diego, CA 92101

Property Details for 748 6Th Ave

Year built

2023

Lot size

0.12 AC

Property size (Sq ft)

6,624 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail properties

Property subtype

Retail space

APN

535-093-11-00

APU

5350931100

Description

This exceptional retail property, located at 748-752 6th Avenue in San Diego's Gaslamp District, presents a compelling investment opportunity. The 6,624 square foot building, constructed in 1930, features three retail spaces across two stories, currently boasting 100% occupancy with three tenants under a NNN lease structure. The property generates a substantial net operating income (NOI) of $284,541, yielding a 6.47% cap rate. The asking price is $4,399,999. Situated in a high-traffic area with excellent foot traffic, this location benefits from its proximity to popular attractions and amenities, including the San Diego Convention Center and Petco Park. The property's zoning is GQPD. The building's prime location within the vibrant Gaslamp District ensures high visibility and customer engagement, making it an attractive proposition for both retail businesses and investors seeking strong returns and long-term value appreciation. The property's historic charm, combined with its modern functionality, creates a unique and desirable setting for businesses. Excellent public transportation and nearby parking further enhance its appeal. This is a rare opportunity to acquire a fully leased, high-performing retail property in one of San Diego's most sought-after locations. The APN is 535-093-11.

• CAP approach

  CAP return

  Valuation

  6%

  $2,041,091

  6.5%

  $1,884,084

  7%

  $1,749,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,701,574

  Geo Method

  $5,875,252

• Alternative Use

  Use

  Valuation

  Residential

  $1,589,295

  Hospitality

  $1,455,786

  Educational

  $1,211,197

  Medical

  $1,252,852

  Retail

  $1,884,084

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7133

Longitude

-117.16

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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