301 Washington StSan Diego, CA 92103

  • Retail properties
  • 4,347 SF
For Sale
$2,260,000 View listing

Property Details for 301 Washington St

Year built
2008
Lot size
0.33 AC
Property size (Sq ft)
4,347 SF
Zone code
COMMERCIAL
Property type
Retail properties
Property subtype
Retail space
APN
444-631-24-19
APU
4446312419

Description

This exceptional San Diego retail property presents a rare owner-user opportunity with significant income potential. Located in the highly desirable Mission Hills neighborhood, this 4,347 square foot, Class A, multi-tenant retail condo offers a versatile layout ideal for various uses. The property includes a 1,500 square foot suite currently built out as a quick-service restaurant, complete with a grease trap, freezer/cooler, multiple floor drains, and abundant power. This suite generates a monthly income of $9,815 (base rent plus NNN). Built in 2007, the property boasts a prime location steps from Scripps Mercy Hospital, Balboa Park, and the Hillcrest business district. The asking price is $2,260,000, representing a 5.86% cap rate. The property is zoned CC-3-8 and is suitable for a 1031 exchange. This is a first-floor retail condo

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,339,466
    6.5%
    $1,236,430
    7%
    $1,148,114
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,772,908
    Geo Method
    $3,855,634
  • Alternative Use

    Use
    Valuation
    Residential
    $1,042,975
    Hospitality
    $955,360
    Educational
    $794,848
    Medical
    $822,184
    Retail
    $1,236,430
301 Washington St, San Diego, California

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7496
Longitude
-117.166
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$26,740
$1,061,933
$1,102,553
$2,164,486
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