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Pacific Beach Mixed-Use Opportunity 1146-1148 Garnet Ave
3,194 SF 70% Leased Retail Building San Diego, CA 92109 $3,305,040 CAD ($1,035 CAD/SF) 5% Cap Rate
Investment Highlights
- One Vacant Restaurant, One Vacant Retail/Office, One Detached 4 Bed/3Bath Unit
- CAP Rate 5% Using Long Term Rental Income from Residential Unit
- Mixed-Use Investment or Owner-User Opportunity on the Sunnyside of Garnet Avenue
- House Generates $125k to $144k Annually
- House Has Roof Top Balcony with Views of SeaWorld Fireworks, Partial Bay
- Live Onsite and Collect Rent from the Retail/Office Tenants
Executive Summary
One of the retail units is a former restaurant that has a history of getting between $3,000 to $4,000 per month plus triple net (NNN). The restaurant has a grease trap and hood. This space has a unique patio overlooking Garnet Avenue with excellent signage exposure.
The other retail unit is 470 sqft and is currently vacant, allowing a buyer to occupy this portion of the property.
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This is a unique opportunity to rent a small restaurant along Garnet Avenue in Pacific Beach. The space was previous leased to Chalkboard Deli for over a decade and then it became Calozzi's Cheesesteaks. The space has its own patio overlooking Garnet Avenue. There is a grease trap and hood within the space.
Just in time for Summer! This space offers a walk-up order window on the prime retail corridor of Garnet Avenue. Two entrances into the space allow for flexibility and the order window is complimented with a small private patio space. Formerly operating as the popular Grumpy's Meat Pies, this space has limitless potential for the Pacific Beach neighborhood. It will not last long, inquire today to set up a showing!
| Space | Size | Space Use | Position | Available |
| 1st Floor | 500 SF | Restaurant | - | Now |
| B | 470 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 500 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
B
| Size |
| 470 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 500 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
This is a unique opportunity to rent a small restaurant along Garnet Avenue in Pacific Beach. The space was previous leased to Chalkboard Deli for over a decade and then it became Calozzi's Cheesesteaks. The space has its own patio overlooking Garnet Avenue. There is a grease trap and hood within the space.
B
| Size | 470 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Just in time for Summer! This space offers a walk-up order window on the prime retail corridor of Garnet Avenue. Two entrances into the space allow for flexibility and the order window is complimented with a small private patio space. Formerly operating as the popular Grumpy's Meat Pies, this space has limitless potential for the Pacific Beach neighborhood. It will not last long, inquire today to set up a showing!
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 415-623-17 | Improvements Assessment | $695,605 CAD |
| Land Assessment | $1,776,016 CAD | Total Assessment | $2,471,621 CAD |
PROPERTY TAXES
-
Tony Franco -
Franco Realty Group
Presented by
Pacific Beach Mixed-Use Opportunity | 1146-1148 Garnet Ave
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