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3050 Pio Pico Dr 6,200 SF 100% Leased Retail Building Carlsbad, CA 92008 $8,141,210 CAD ($1,313.10 CAD/SF)
Investment Highlights
- Coastal Residential Mixed-Use Development Opportunity
- Excellent Location Just Off Carlsbad Village Drive
Executive Summary
The subject offering presents an excellent mixed-use development opportunity to build residential townhomes or multi-family units plus commercial space. The property currently has a 6,200 SF building situated on a parcel of 35,719 SF. The building is currently leased to two restaurant tenants on short-term leases with approx. 2.5 years remaining each and no extension options. The northeast portion of the parcel of approx. 6,420 SF has a parking easement for shared use with the adjacent retail/office property, thus bringing the net developable area to approx. 29,300 SF. Seller had a Pre-Design Report completed by an architect, which has generated a couple of potential development options for townhomes, multi-family, ADU’s, and commercial space. Report available upon request.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,200 SF
Building Class
B
Year Built
1973
Price
$8,141,210 CAD
Price Per SF
$1,313.10 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.17
Lot Size
0.82 AC
Zoning
C2 - Neighborhood Commercial
Parking
67 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
177’ on Pio Pico
Amenities
- Freeway Visibility
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Lotus Thai Bistro
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Lotus Thai Bistro | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 156-180-44 | Improvements Assessment | $1,265,284 CAD |
| Land Assessment | $2,108,812 CAD | Total Assessment | $3,374,096 CAD |
Property Taxes
Parcel Number
156-180-44
Land Assessment
$2,108,812 CAD
Improvements Assessment
$1,265,284 CAD
Total Assessment
$3,374,096 CAD
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3050 Pio Pico Dr
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