3753 John J Montgomery DrSan Diego, CA 92123

Property Details for 3753 John J Montgomery Dr

Lot size

409.77 AC

Zone code

INDUSTRIAL (M ZONE)

Property type

Auto shops

APN

760-222-32-39

APU

7602223239

Description

Exceptional investment opportunity: a 4,900 square foot airplane hangar situated at Montgomery Gibbs Executive Airport in San Diego, California. This property boasts a convenient location, offering easy access to major freeways including I-805, Hwy 163, I-15, and close proximity to Hwy 52. The hangar itself measures approximately 70' x 70' and includes a valuable 1-bedroom apartment complete with a walk-in closet, office space, a steel-enclosed gun room, and a laundry room. A rear access roll-up garage door provides convenient access. The property is subject to a ground lease expiring May 31, 2056. Enjoy complimentary line service and access to FBO facilities. The surrounding area offers an abundance of retail amenities, including Target and Walmart, adding to the property's overall appeal. Priced at $850,000, this unique property presents a compelling investment opportunity in a prime location. The asking price per square foot is $173.47. The property is located at 3753 John J Montgomery Dr, San Diego, CA 92123.

• CAP approach

  CAP return

  Valuation

  6%

  $5,500,115,456

  6.5%

  $5,077,029,376

  7%

  $4,714,384,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,279,915,008

  Geo Method

  $15,832,006,656

• Alternative Use

  Use

  Valuation

  Residential

  $4,282,664,192

  Hospitality

  $3,922,897,408

  Educational

  $3,263,804,672

  Medical

  $3,376,051,968

  Retail

  $5,077,029,376

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.8146

Longitude

-117.141

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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