$ 5,750,000
1858 Newton AVE San Diego, CA 92113
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$ 5,750,000
Est. payment | /mo
0.64 Acres Lot
$ 5,750,000
Est. payment | /mo
0.64 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24418749
HOA Y/N No
Lot Size 0.640 Acres
Property Description
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning BLPD-REDEV
Interior
Fireplace No
Exterior
Total Parking Spaces 35
Building
Story 2
Others
Tax ID 5382402500
Special Listing Condition Standard
Listed by Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY