Firehouse American Eatery & Lounge 722 Grand Ave 4,500 sq ft Retail Property San Diego, CA 92109 £7,846,650 (£1,743.70/sq ft) 3.68% Net Initial Yield

Coldwell Banker Commercial is pleased to offer this exceptionally rare opportunity to acquire a trophy asset in the highly sought after coastal market of San Diego. The property consists of two adjacent parcels that include the building which houses the Firehouse Eatery and an adjacent parking lot that fronts Hornblend Street. The two parcels are comprised of approximately 12,500 square feet and located west of Mission Blvd, just steps from the Boardwalk in Pacific Beach. The Firehouse Eatery building is a free-standing single tenant retail space with approximately 4,500 square feet of improvements. Laz Parking occupies the other parcel and is zoned CV-1-2 (Commercial Visitor) which allows for a mixed-use development with a base density of One dwelling unit per 1,500 SF lot area and a Floor Area Ratio (FAR) of 2.0.