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Pacific Shopping Strip For Sale 1631-1637 Garnet Ave 7,840 SF 47% Leased Retail Building San Diego, CA 92109 $4,196,175 CAD ($535.23 CAD/SF)
Investment Highlights
- Asking Price: $2,995,000
- 3 Unit Shopping Strip with Anchor Tenant Vacant, Private Office Space, and Alterations Business
- Owner-User or Investor Opportunity
- Building Size: 7,840 SF ($382/SF) Lot Size: 15,625 SF ($192/SF)
- 17 Onsite Parking Spaces, Super Low Price Per Square Foot for Building and Land
- Anchor Space (Formerly Occupied by Empire Beauty) Will Be Delivered Vacant Approx. 4,192 SF
Executive Summary
The Franco Realty Group is proud to exclusively present for sale 1631-37 Garnet Avenue in Pacific Beach. Prime real estate on Garnet Avenue, PB's busiest commercial corridor, running straight from I-5 to the sand. The building size is 7,840 SF and the lot size is 15,625 SF (125x125). The center has 17 onsite parking spaces, is zoned cc-4-2 and is located directly across from Trader Joe's and Staples. The beach, Crystal Pier, and Mission Bay are within walking distance.
Business Owners: A majority of the property delivered VACANT at close of escrow providing a rare owner-user play with room for SBA financing (~10% down) while collecting rent from two in-place tenants.
Investors: reposition leases across 3 individually metered units for strong upside.
Developers: oversized PB lot with excellent incentives.
First time on the market in decades, don't miss this one!
Business Owners: A majority of the property delivered VACANT at close of escrow providing a rare owner-user play with room for SBA financing (~10% down) while collecting rent from two in-place tenants.
Investors: reposition leases across 3 individually metered units for strong upside.
Developers: oversized PB lot with excellent incentives.
First time on the market in decades, don't miss this one!
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,840 SF
Building Class
C
Year Built
2000
Price
$4,196,175 CAD
Price Per SF
$535.23 CAD
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.36 AC
Zoning
CC-4-2
Parking
17 Spaces (2.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Air Conditioning
- Backup Power / Generators
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 424-011-17 | Improvements Assessment | $590,000 CAD |
| Land Assessment | $437,460 CAD | Total Assessment | $1,027,460 CAD |
Property Taxes
Parcel Number
424-011-17
Land Assessment
$437,460 CAD
Improvements Assessment
$590,000 CAD
Total Assessment
$1,027,460 CAD
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Pacific Shopping Strip For Sale | 1631-1637 Garnet Ave
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