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$ 31,000,000
Est. payment | /mo
1.43 Acres Lot
$ 31,000,000
Est. payment | /mo
1.43 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 240022598
HOA Y/N No
Lot Size 1.435 Acres
Acres 1.43
Property Description
DO NOT DISTURB THE TENANTS This coastal property is made up of various restaurants and office space, with a total building size of 38,103 square feet. Downstairs you will find three restaurants, a clothing store and the 7,100 vacant retail space that was previously occupied by Sketchers. All of the ground floor leases are on triple net lease agreements. Upstairs is filled with about 45 executive offices, an onsite manager, a printing room and a large conference room. The executive suites all have less than one year left on the term of their lease. Some of the offices have interior views of the ground floor anchor retail space and some of the offices have views of Garnet Avenue and the ocean. The total land size of the 6 parcels totals 62,500 square feet, or 1.43 acres of land. Due to the land’s proximity to the ocean and Crystal Pier, the parking generates a tremendous amount of income across 121 parking spaces. This is an excellent opportunity for an Owner-User to relocate their headquarters at this amazing location with tremendous signage amongst strong foot and vehicle traffic. A company can occupy over 18,000 square feet of space or more than 51% of the building size, which qualifies for SBA Financing. An investor can reposition the Seacoast Center by leasing out the vacant spaces, improving the parking lot and gradually raising rents over time. A developer can collect a decent return on investment while entitling the property into a mixed- use development.
Location
State CA
County San Diego
Community Pacific Beach
Area Pacific Beach (92109)
Zoning CC-4-2
Exterior
View Ocean, N/K
Building
Lot Description Corner Lot, Public Street, Sidewalks, Street Paved, West of I-5
Lot Size Range 1+ to 2 AC
Water Available
Others
Ownership Fee Simple
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Listed by Tony Franco • Tony Franco Realty, Inc.
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Roy Wannamaker
REALTOR® | Lic# CA DRE 01838753