Retail/Residential Property 1085-1093 3rd Ave, Chula Vis 4,208 SF 100% Leased Retail Building Chula Vista, CA 91911 $1,731,550 CAD ($411.49 CAD/SF)

This mixed-use investment opportunity in Chula Vista offers a combination of retail and residential income streams in a high-visibility location along 3rd Avenue. The property includes two retail units at 1085–1087 3rd Avenue, anchored by a national quick-service restaurant tenant with over 27 years of occupancy, ensuring long-term stability. The residential component at 1089–1093 3rd Avenue consists of a tri-plex, providing diversified income from both commercial and residential tenants.
Situated directly across from Naples Square, the property benefits from strong traffic counts and significant pedestrian activity, enhancing visibility and tenant demand. The site offers ample onsite parking with 19 spaces and sits on a 0.43-acre parcel. Currently producing an adjusted NOI of $76,194 with a 6.10% cap rate, this asset represents a compelling opportunity for investors seeking stable returns in a growing coastal market.
Nearby amenities include major retail centers such as Chula Vista Center, Broadway Plaza, and Palomar Trolley Center, featuring national brands like Target, Costco, and Ross. The property’s location provides convenient access to I-5 and is within minutes of the U.S.-Mexico border and Downtown San Diego, making it a well-positioned asset for long-term appreciation.
PORTFOLIO SALE:
Pacific Coast Commercial is pleased to present the rare opportunity to acquire two adjacent commercial assets—1079 3rd Ave and 1085–1093 3rd Ave—available for sale individually or together as a combined portfolio offering at $2,700,000. Together, these properties provide a diverse blend of retail, mixed-use, and owner-user potential in a highly desirable coastal market directly across from Naples Square, benefiting from exceptional pedestrian and vehicle traffic.
1079 3rd Ave features a multi-tenant retail strip center with two well-positioned buildings, offering an owner-user the ability to occupy approximately ±3,880 SF (57%) while generating income from existing tenants. With several tenants on short-term leases, the property presents value-add potential through renewals and rental rate adjustments. Zoned C-T (Thoroughfare Commercial), the site supports a wide range of uses including retail, office, restaurant, professional services, and veterinary clinics.
1085–1093 3rd Ave is a stable mixed-use investment consisting of two retail units—one occupied by a national fast-food tenant in place for over 27 years—and a residential tri-plex providing diversified income. The asset currently produces an adjusted NOI of $76,194, reflecting a 6.10% cap rate, making it an attractive long-term hold.
Offered separately or together, these properties provide a compelling opportunity for investors or owner-users seeking flexibility, income stability, and future upside in a prime location.