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701 5th Ave
San Diego, CA 92101
Retail Property For Sale
Investment Highlights
- Iconic Gaslamp Quarter location at the NW corner of 5th Avenue and Market Street with exceptional pedestrian traffic
- Dramatic ceiling heights up to 62 feet create a one-of-a-kind architectural and experiential environment.
- Surrounded by Petco Park, Convention Center, hotels, and waterfront attractions driving year-round demand
- Over 53,000 SF across three levels, including a rooftop bar, allowing flexible large-format or experiential concepts.
- Existing escalators, kitchens, and restroom infrastructure help compress schedules and reduce redevelopment risk
Executive Summary
Gaslamp Theatre presents a rare opportunity to acquire or lease a flagship, large-format venue in the heart of Downtown San Diego’s iconic Gaslamp Quarter. Prominently positioned at the northwest corner of 5th Avenue and Market Street, the property offers unmatched visibility with over 120 feet of frontage along one of the city’s most heavily trafficked pedestrian corridors. The multi-level building totals approximately 53,153 square feet, featuring dramatic ceiling heights ranging from 40 to 62 feet, expansive floor plates, and a dedicated rooftop bar. Existing infrastructure—including escalators, multiple kitchen and restroom banks, and established FOH/BOH layouts—significantly reduces redevelopment timelines and costs. Surrounded by major demand drivers such as Petco Park, the San Diego Convention Center, waterfront attractions, hotels, and office headquarters, Gaslamp Theatre is ideally suited for experiential retail, entertainment, hospitality, or mixed-use concepts seeking a premier downtown presence.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
53,153 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1997/2019
Percent Leased
6%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.65 AC
Zoning
C-6 - Commercial
Parking
8 Spaces (0.14 Spaces per 1,000 SF Leased)
Frontage
126’ on 5th Ave
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $247,029 CAD | |
| Land Assessment | $11,886,558 CAD | Total Assessment | $12,133,587 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$11,886,558 CAD
Improvements Assessment
$247,029 CAD
Total Assessment
$12,133,587 CAD
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