Share This Listing

Message

928 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the agent for more information about this property

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

Save this listing!

Favourite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Property Size
4,500 sq ft
Costar Property Class
C
Year Built
2006
Price
£7,846,650
Price per sq ft
£1,743.70
Yield
3.68%
NOI
£288,848
Tenancy
Single
Number of Floors
2
Plot ratio
0.36
Total Plot Size
0.29 ac
Use Class
CV-1-2 - (Commercial Visitor) is intended to accommodate a mix of visitor-serving uses and residential uses with a pedestrian orientation
Frontage
50 ft on Grand Ave
Walk Score®
Excellent pedestrian access (91)
Bike Score®
Good for cycling (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Ralphs
Starbucks
Bank of America
Buffalo Wild Wings
IHOP
The Habit Burger Grill
Flame Broiler
Chase Bank
Grocery Outlet
Club Pilates

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
423-022-07
Land Assessment
£605,681
Improvements Assessment
£391,566
Total Assessment
£997,246
  • Listing ID: 32000797

  • Date on Market: 03/06/2024

  • Last Updated:

  • Address: 722 Grand Ave, San Diego, CA 92109

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}