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1041-1047 University Ave 8,100 SF Vacant Retail Building San Diego, CA 92103 $5,697,770 CAD ($703.43 CAD/SF)
Investment Highlights
- PRIME RETAIL LOCATION
- HIGH TRAFFIC | EXCELLENT VISIBILITY
- MILLS ACT DESIGNATED HISTORIC BUILDING
- OWNER-USER OR VALUE ADD INVESTOR OPPORTUNITY
Executive Summary
CBRE is proud to present a compelling investment opportunity in a two-story retail building located at 1041 -1047 University Avenue, San Diego, CA, located in the heart of Hillcrest, one of San Diego’s most vibrant and densely populated urban neighborhoods.
›Prime Hillcrest Location: Strategically positioned in Hillcrest, a vibrant and high-traffic urban core, the property guarantees significant foot traffic and exceptional visibility.
›Restaurant-Ready Space with Inviting Outdoor Patio: This exceptional opportunity offers a turnkey solution for restaurateurs, featuring a fully-equipped former restaurant space with hood system, complemented by a highly desirable and spacious outdoor patio. Capitalize on existing infrastructure while attracting customers with an al fresco dining experience, enhancing capacity and appeal in a prime location.
›Owner-User Opportunity with Favorable Financing: For owner-users, the property presents an exceptional opportunity to acquire the building with only 10% down through SBA financing.
›Prime Hillcrest Location: Strategically positioned in Hillcrest, a vibrant and high-traffic urban core, the property guarantees significant foot traffic and exceptional visibility.
›Restaurant-Ready Space with Inviting Outdoor Patio: This exceptional opportunity offers a turnkey solution for restaurateurs, featuring a fully-equipped former restaurant space with hood system, complemented by a highly desirable and spacious outdoor patio. Capitalize on existing infrastructure while attracting customers with an al fresco dining experience, enhancing capacity and appeal in a prime location.
›Owner-User Opportunity with Favorable Financing: For owner-users, the property presents an exceptional opportunity to acquire the building with only 10% down through SBA financing.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,100 SF
Building Class
C
Year Built/Renovated
1910/2009
Price
$5,697,770 CAD
Price Per SF
$703.43 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.16 AC
Zoning
CC-3-8
Parking
8 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
50’ on University Ave
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 452-156-16 | Improvements Assessment | $738,836 CAD |
| Land Assessment | $604,501 CAD | Total Assessment | $1,343,337 CAD |
Property Taxes
Parcel Number
452-156-16
Land Assessment
$604,501 CAD
Improvements Assessment
$738,836 CAD
Total Assessment
$1,343,337 CAD
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1041-1047 University Ave
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