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North Park Mixed-Use Investment Opportunity 2926-2936 Lincoln Ave

5,810 SF 100% Leased Retail Building San Diego, CA 92104 $3,063,139 CAD ($527 CAD/SF)

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Investment Highlights

MIXED-USE | 6 Unit | 1st Floor Retail | 2nd Floor Apartments
Mixed-Use Leases giving a new owner power to take the property where they desire.
Excellent Visibility near the intersection of 30th Street.

Potential Added Value from recapture of expenses, increased rent, property improvements, future redevelopment.
Cohesive Tenants that work and live locally. | Solid demographics with loyal customers.
Low Vacancy in walkable residential, retail, restaurant and entertainment zone.

Executive Summary

This property is located in the high demand area of North Park for investors, owner-users and developers. Why is it in high demand? Densely populated neighborhood, bustling high traffic local retail, attractive zoning, low vacancy, high rents, long-term appreciation. It is located near the busy hub of Lincoln Avenue and 30th Street, which is walkable to prime retail, farmers market and annual festivities. The mixed-use aspect of this investment property gives a new owner.
(3) Three retail tenants with stable cashflow, ability to grow the bottom line through recapturing operating expenses in a NNN lease format
(3) Three apartment units ready to be upgraded and revenue increased. This property offers an investor an opportunity to increase the Net Operating Income of the property and hold an asset in popular area of San Diego, California.

2926-36 Lincoln Ave - Brochure