Jordan Building | 4221-4227 Market St
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Jordan Building 4221-4227 Market St
3,528 SF 100% Leased Retail Building San Diego, CA 92102 £2,006,467 (£569/SF)
Investment Highlights
- Current income from retail tenants
- Redevelopment Opportunity
Executive Summary
Cyrus & Emilia Inc is pleased to present the opportunity to acquire 4221-4227 Market Street including the adjacent lot on Toyne Street. This offering features a retail building of 3,528 square feet and a lot size of 15,548 square feet, ideal for redevelopment. Asking price is $2,550,000.
Key Highlights:
1. Location. Situated in a neighborhood experiencing a surge in development due to more flexible affordable housing regulations compared to other neighboring communities in San Diego.
2. Development Potential. The property is primed for redevelopment with an increased floor area ratio, making it ideal for developers looking to capitalize on the demand for housing.
3. Current Income Stream. The property currently hosts retail tenants on a month-to-month basis, providing a steady income stream that can support developers during the planning and permitting phases. These tenants can be retained for an extended period or replaced prior to the commencement of construction.
Key Highlights:
1. Location. Situated in a neighborhood experiencing a surge in development due to more flexible affordable housing regulations compared to other neighboring communities in San Diego.
2. Development Potential. The property is primed for redevelopment with an increased floor area ratio, making it ideal for developers looking to capitalize on the demand for housing.
3. Current Income Stream. The property currently hosts retail tenants on a month-to-month basis, providing a steady income stream that can support developers during the planning and permitting phases. These tenants can be retained for an extended period or replaced prior to the commencement of construction.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,528 SF
Building Class
C
Year Built
1947
Price
£2,006,467
Price Per SF
£569
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.37
Lot Size
0.22 AC
Zoning
CN 1-4 - CN-1-4
Parking
12 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
90 ft on Market Street
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 547-101-03 | Improvements Assessment | £268,852 |
| Land Assessment | £199,147 | Total Assessment | £467,999 |
PROPERTY TAXES
Parcel Number
547-101-03
Land Assessment
£199,147
Improvements Assessment
£268,852
Total Assessment
£467,999
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Jordan Building | 4221-4227 Market St
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