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Investment Highlights

  • Adjacent public parking offers over 80 free spaces plus additional metered options.
  • Walkable access to marinas, hotels, restaurants, and waterfront attractions.
  • Elevator-served, two-story configuration supports diverse commercial users.
  • Flexible CV-1-2 zoning allows a broad range of visitor-serving uses.

Executive Summary

2725–2727 Shelter Island Drive is a two-story, elevator-served, multi-tenant commercial building located along the primary gateway to San Diego Harbor in the highly desirable Shelter Island / Point Loma submarket. The property totals approximately 10,858 rentable square feet and benefits from exceptional frontage, visibility, and consistent visitor traffic. Architectural elements reflect a coastal aesthetic, complementing the surrounding marinas, yacht clubs, hotels, and waterfront amenities within walking distance. The building is adjacent to extensive public parking, including more than 80 free spaces, which supports both tenant convenience and customer access. Zoned CV-1-2 Commercial Visitor, the property accommodates a wide range of retail, restaurant, office, and service-oriented uses well suited to this destination waterfront environment. Strong demographics, limited supply, and a professionally regulated coastal setting contribute to the long-term desirability of this irreplaceable Shelter Island location.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,846 SF
Building Class
C
Year Built
1971
Price
$9,481,468 CAD
Price Per SF
$874.19 CAD
Cap Rate
5.36%
NOI
$508,207 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.21 AC
Zoning
C-1, San Diego - Commercial
Parking
50 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
88’ on Shelter Island

Amenities

  • 24 Hour Access
  • Bus Line
  • Courtyard
  • Restaurant
  • Signage
  • Waterfront
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 101
  • 700 SF
  • Office/Retail
  • -
  • Now
  • 104/105
  • 2,115 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
101 700 SF Office/Retail - Now
104/105 2,115 SF Office/Retail - Now

101

Size
700 SF
Space Use
Office/Retail
Position
-
Available
Now

104/105

Size
2,115 SF
Space Use
Office/Retail
Position
-
Available
Now

101

Size 700 SF
Space Use Office/Retail
Position -
Available Now

Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100

Nearby Major Retailers

U.S. Bank
Miguel's Cocina
Chase Bank
HomeStreet Bank
Wells Fargo Home Mortgage
Bank of America
Starbucks
Denny's
Banner Bank
Banc of California

Property Taxes

Property Taxes

Parcel Number
531-200-02
Land Assessment
$1,467,759 CAD
Improvements Assessment
$3,721,853 CAD
Total Assessment
$5,189,611 CAD
  • Listing ID: 40216210

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 2725-2727 Shelter Island Dr, San Diego, CA 92106

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