1929 Cable StSan Diego, CA 92107

Property Details for 1929 Cable St

Year built

2012

Lot size

0.45 AC

Property size (Sq ft)

10,039 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

448-301-24-00

APU

4483012400

Description

This thriving San Diego restaurant, located at 1929 Cable St, San Diego, CA 92107, is available for $300,000. Currently operating as "The Shop: Pizza + Wine," this 1,221 square foot Class B retail space offers a fantastic opportunity for a seamless transition. Built in 2018, the property boasts an unbeatable lease price and a successfully transferred ABC license, simplifying the operational takeover. The interior comfortably seats 35 patrons, complemented by a 15-seat outdoor patio, ideal for maximizing capacity and enjoying the vibrant neighborhood atmosphere. The sale includes a Baker's Pride Double Stack Oven. This prime location is just one block from Newport Avenue and two blocks from the beach, ensuring high foot traffic and a desirable customer base. The property's versatility extends beyond pizza, making it suitable for various concepts such as a deli bar, sushi restaurant, or fast-casual eatery. The seller is open to financing options

• CAP approach

  CAP return

  Valuation

  6%

  $3,093,374

  6.5%

  $2,855,422

  7%

  $2,651,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,094,369

  Geo Method

  $8,904,236

• Alternative Use

  Use

  Valuation

  Residential

  $2,408,656

  Hospitality

  $2,206,316

  Educational

  $1,835,629

  Medical

  $1,898,759

  Retail

  $2,855,422

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7462

Longitude

-117.249

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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