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3983-85 30th
Off Market
San Diego
$2,800,000
Property Description
Pleased to present this boutique retail center with parking in the heart of North Park with development potential. The property is currently leased as 3 separate retail suites to a Laundromat, Nail Salon, and Spa. The property grosses $11,726 per month rent + NNN. Leases are on 3-5 year terms some with 5 year options to extend with yearly increases built in. The property is Zoned CC-3-9 and lies in the Complete Communities Tier 3 overlay allowing an FAR 6.5 and ability to build upwards of 30+ units on this site.
Contact Agent
Alexio Barbara
760-419-1343
Investment Summary
Property Location
Off Market
$2,800,000
Property Type
Commercial
Price/Unit
NA
Units
Unit Mix
3
(3) Retail
Price/Sq Ft
$595
NOI
$134,510
CAP
GRM
Sq Ft
Current
4.8
16.1
Imp
4,700
Year Built
1953
Proforma
4.9
15.8
Land
6,949
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