416 University AveSan Diego, CA 92103

Property Details for 416 University Ave

Year built

1991

Lot size

0.12 AC

Property size (Sq ft)

5,992 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

444-671-11-00

APU

4446711100

Description

This exceptional mixed-use property at 416 University Avenue in San Diego's vibrant Hillcrest submarket presents a unique investment opportunity. The two-story, 5,992 square foot building, constructed in 1991, offers flexible space ideal for a variety of uses. Currently entirely vacant, the property boasts a first-floor retail space of 1,650 square feet, previously occupied by a cafe and breakfast restaurant. This shell space presents an excellent opportunity for a new restaurant concept. The second floor comprises 4,040 square feet of open-plan shell space, previously used for office and residential purposes, offering significant potential for conversion into modern office space or apartments. The building features eight parking spaces, a significant advantage in this desirable location. The minimum divisible space is 1,650 square feet, with a maximum contiguous space of 4,050 square feet. The property is conveniently located on University Avenue, near the intersection with Fourth Avenue, and benefits from excellent visibility and accessibility. The presence of an elevator adds to the building's functionality and appeal. This is a rare chance to acquire a well-situated, versatile property in a thriving San Diego neighborhood. The building's location in the Hillcrest submarket ensures high foot traffic and proximity to a diverse range of businesses and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,846,349

  6.5%

  $1,704,322

  7%

  $1,582,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,443,815

  Geo Method

  $5,314,690

• Alternative Use

  Use

  Valuation

  Residential

  $1,437,660

  Hospitality

  $1,316,888

  Educational

  $1,095,636

  Medical

  $1,133,316

  Retail

  $1,704,322

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7485

Longitude

-117.161

CBSA code

41740

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].