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301 W Washington St - Mission Florence

4,347 SF Retail Unit Offered at £1,768,337 in San Diego, CA 92103

Investment Highlights

  • Located in Mission Hills - One of San Diego’s Most Desirable & Established Neighborhoods
  • Centrally Located Between I-5 & Hwy 163
  • 10 Shared On-Site Covered Parking Spaces Located Behind Retail Suites
  • Steps to the Scripps Mercy Hospital, Balboa Park, & Hillcrest Business District
  • Close Proximity to Hillcrest, Old Town, Bankers Hill, & Downtown
  • Street Parking Available

Executive Summary

First floor consists of three commercial retail suites. Upper levels consists of 18 luxury residential condos.

Data Room Click Here to Access

Property Facts

Price £1,768,337
Unit Size 4,347 SF
No. Units 1
Total Building Size 31,099 SF
Property Type Residential (Unit)
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Sale Type Investment or Owner User
Building Class C
Number of Floors 5
Typical Floor Size 6,220 SF
Year Built 2007
Lot Size 0.33 AC
Parking Ratio 2/1,000 SF
Sale Conditions 1031 Exchange

1 Unit Available

Unit 301-321

Unit Size 4,347 SF
Price £1,768,337
Price Per SF £406.79
Unit Use Retail
Sale Type Investment or Owner User
Net Initial Yield 5.86%
NOI £103,624.55
Sale Conditions 1031 Exchange
APN/Parcel ID 444-631-24-03, 444-631-24-19
Description

This is a 3 suite multi-tenant first floor retail condo. Residential above first floor retail condo is not a part of this offering.

Suite 301 is a unique retail owner user opportunity. The space is a window-lined +/- 1,500 SF retail suite that is currently built out as quick-service restaurant with grease trap, freezer/cooler, multiple floor drains, and abundant power.

Suite 311 is occupied by Barkhouse, which has been in-place since 2016. Suite 321 is occupied by Studio Barre, which has been in place since 2014.

Sale Notes

3 Suite Retail Condo For Sale. 1,500 SF Vacant for Owner/User and/or for Lease. Sign and return NDA at end of brochure for Full Marketing Package and Financials.
Buyer/User Income: $9,815/Month (Base Rent + NNN)
Investment Proforma: 5.86% CAP Rate.

Walk Score ®
Walker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Amenities

Unit Amenities

  • Air Conditioning
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Controlled Access
  • Lift

zoning

Zoning Code CC-3-8 (Commercial)
CC-3-8 (Commercial)
  • Listing ID: 29100260

  • Date on Market: 25/07/2023

  • Last Updated:

  • Address: 301 W Washington St, San Diego, CA 92103

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