853 Camino Del Mar
Coastal Office Building | Owner-User Potential | Zoning Allows for Multi-Family | Del Mar, CA
Marketing description
We are pleased to present the opportunity to acquire 853 Camino Del Mar, a boutique office building located in the heart of the seaside community of Del Mar village. Comprised of 4 office suites within 14,111 square feet of prime commercial real estate, 853 Camino Del Mar represents a one-of-a-kind property with optimal design & construction. The creative & unique architecture takes full advantage of the expansive outdoor space. Operable windows, vaulted & exposed ceiling, spacious patio areas & indoor/outdoor environment provides the perfect atmosphere for the highly sought-after lifestyle office space.
Investment highlights
# of tenants: 3
Zoning: Professional Commercial (PC) - Allows office, medical, dental, limited retail, as well as 100% residential (up to 20 du/ac)
IRREPLACEABLE PROPERTY Creative & unique architecture takes full advantage of the expansive outdoor space & ocean views.
FLEXIBLE OWNER-USER OCCUPANCY The current owner occupies two suites – 6,486 rsf & 2,278 rsf – allowing an owner-user investor the ability to occupy up to a total of 8,764 rsf.
RESIDENTIAL REPOSITION OPPORTUNITY In 2020, the city of del mar amended the housing element to allow 100% residential up to 20 du/acre in the professional commercial zone.
CONDO MAP POTENTIAL The current suite configuration provides an opportunity for a future investor to place a commercial condominium map on the property providing the ability to sale 4-5 units individually.
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