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22330065
22330066

46-48 Broadway, Chula Vista, CA 91010

MK
CA CAL BRE 01754560, CA CA 01754560
Coldwell Banker Commercial Realty
Listed by Coldwell Banker Commercial Realty
$1,599,000
444 days on market
Updated 85 days ago

46-48 Broadway Chula Vista, CA

Details
Property Type Retail
Sub Type Storefront
Square Footage 5,316
Cap Rate 4.40%
Occupancy 100%
Tenancy Single
Lease Type Gross
Remaining Term 2
Year Built 1938
Acreage 0.310

Stand Alone Retail Building with Drive Through -Versatile Use

Marketing description

Phase I and Phase II Surveys Available! Drive Through Retail with variety of retail use including Automotive, Restaurant, Dental Office, Dry Cleaners 4.4% Cap rate under the sales price and its new property tax rate with in-place low current rent Current tenant lease ending in 10/31/2027 at with options left at market rent price at the renewal period (Current market rent price is significantly higher than in-place rent) Current tenant showed possible interest in vacating early Open floorplan interior with extra high ceilings Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027 C-3 Zoning per Chula Vista for Redevelopment plan Close Proximity to San Diego International Airport (11 Miles) C-3 ZONING ACORDING TO CHULA VISTA URBAN CORE SPECIFIC PLAN LAND USE MATRIX PERMITS USE OF THIS LAND FOR : COMMERCIAL SERVICES SUCH AS AUTOMOTIVE REPAIR, BICYCLE REPAIR, COIN OPERATED LAUNDRY, DRY CLEANERS, ELECTRONICS REPAIRS, FUNERAL PARLORS/MORTUARIES, GENERAL CONTRACTING, HVAC SERVICES, PET GROOMING,GALLERIES, PRESCRIPTION PHARMACY, RETAILS SALES, PARKING STRUCTURES/LOTS PUBLIC AND COMMERCIAL WITH CUP, RESTAURANTS WITH SALE OF ALCOHOLIC BEVERAGES, DRIVE -THROUGH RESTAURANTS AND MANY PERMITTED USE
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Listing Contacts

MK
CA CAL BRE 01754560, CA CA 01754560
Coldwell Banker Commercial Realty
Listed by Coldwell Banker Commercial Realty

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Additional Information

Name
Mie Kim, CCIM
License
CAL BRE 01754560
Brokerage
Coldwell Banker Commercial Realty
Brokerage Phone
7607535616
Title
Broker Associate Senior VP, Investments
Brokerage Address
1472 Encinitas Boulevard
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