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INVESTMENT HIGHLIGHTS
- One block from Chula Vista Mall and major retail anchors
- New roof with transferable 20-year warranty
- Walk Score of 88 in a vibrant commercial corridor
- Zoned M52 with broad permitted use types
- High traffic counts and excellent visibility
- SBA 7a and 504 financing scenarios available
EXECUTIVE SUMMARY
Positioned in the heart of Chula Vista’s dynamic Broadway corridor, 389 Broadway offers a rare owner-user opportunity in a high-visibility retail location. This ±4,225 SF freestanding building sits just one block from the bustling Chula Vista Mall, one of the region’s most active outdoor shopping destinations. With a Walk Score of 88, the property benefits from strong pedestrian traffic and proximity to major thoroughfares including the 805 and 5 Freeways, enhancing accessibility for customers and employees alike.
Built in 1951 and situated on a 0.15-acre parcel, the building features five parking spaces (including one ADA), a new roof installed in 2020 with a transferable 20-year warranty, and full security gate coverage across the front entrance. The site is zoned M52, allowing for a wide range of low-impact industrial, civic, and commercial uses, making it ideal for retail, service, or light industrial operations. The surrounding area is undergoing significant redevelopment, including the Gaylord Pacific Resort and Convention Center just 1.4 miles away, which will bring increased foot traffic and economic activity to the neighborhood.
With median household incomes exceeding $64,000 within a 5-mile radius and traffic counts reaching over 25,000 cars per day on Broadway, this property is well-positioned to capture both local and regional demand. SBA financing options are available, making this an accessible investment for qualified buyers.
Built in 1951 and situated on a 0.15-acre parcel, the building features five parking spaces (including one ADA), a new roof installed in 2020 with a transferable 20-year warranty, and full security gate coverage across the front entrance. The site is zoned M52, allowing for a wide range of low-impact industrial, civic, and commercial uses, making it ideal for retail, service, or light industrial operations. The surrounding area is undergoing significant redevelopment, including the Gaylord Pacific Resort and Convention Center just 1.4 miles away, which will bring increased foot traffic and economic activity to the neighborhood.
With median household incomes exceeding $64,000 within a 5-mile radius and traffic counts reaching over 25,000 cars per day on Broadway, this property is well-positioned to capture both local and regional demand. SBA financing options are available, making this an accessible investment for qualified buyers.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,225 SF
Building Class
C
Year Built
1951
Price
$3,838,780 CAD
Price Per SF
$908.59 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.15 AC
Zoning
M52 - Low-impact industrial, civic, commercial, and agricultural uses
Parking
5 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
65’ on Broadway
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 567-140-02 | Improvements Assessment | $466,859 CAD |
| Land Assessment | $179,974 CAD | Total Assessment | $646,834 CAD |
PROPERTY TAXES
Parcel Number
567-140-02
Land Assessment
$179,974 CAD
Improvements Assessment
$466,859 CAD
Total Assessment
$646,834 CAD
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389 Broadway
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