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Upside Potential Retail Building Chula Vista 46-48 Broadway

5,316 SF Retail Building Chula Vista, CA 91910 £1,206,536 (£227/SF) 4.40% Net Initial Yield

Executive Summary

Currently very low rent paying tenant initial lease ending in 10/31/2027 with options left with Market rent price at the renewal period.
Current tenant showed some interest in vacating early
Open floorplan interior with extra high ceilings
4.4% Cap rate under the sales price and its new property tax rate with in-place rent
Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027
C-3 Zoning per Chula Vista for Redevelopment plan

Attachments

Land Use Matrix-City of Chula Vista

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,316 SF
Building Class
C
Year Built
1938
Price
£1,206,536
Price Per SF
£227
Net Initial Yield
4.40%
NOI
£53,133
Tenancy
Single
Number of Floors
1
Building FAR
0.40
Lot Size
0.31 AC
Zoning
C - C-3 Zoning under Chula Vista Urban Core Specific Plan Land Use Matrix -please look for this in the document section of this listing for permitted use
Parking
8 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
72 ft on Broadway

Amenities

  • Drive Thru
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Walk Score ®
Very Walkable (79)
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.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
North Island Credit Union
California Credit Union
IGA
Denny's
Black Angus Steakhouse
ALDI
Smart & Final
Grocery Outlet
MyPoint Credit Union

PROPERTY TAXES

Parcel Number 565-040-16 Improvements Assessment £155,470
Land Assessment £621,885 Total Assessment £777,355

PROPERTY TAXES

Parcel Number
565-040-16
Land Assessment
£621,885
Improvements Assessment
£155,470
Total Assessment
£777,355
(760) 672-4450

Contact

  • Listing ID: 34351776

  • Date on Market: 03/01/2025

  • Last Updated:

  • Address: 46-48 Broadway, Chula Vista, CA 91910

The Retail Property at 46-48 Broadway, Chula Vista, CA 91910 is currently available for sale. Contact Coldwell Banker Commercial Realty for more information.

Nearby Listings

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Upside Potential Retail Building Chula Vista | 46-48 Broadway
(760) 672-4450 x

Upside Potential Retail Building Chula Vista | 46-48 Broadway

Mie Kim

(760) 672-4450

(760) 672-4450

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