Property History
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Marketing Description
Pacific Coast Commercial is pleased to present the rare opportunity to acquire two adjacent commercial assets—1079 3rd Ave and 1085–1093 3rd Ave—available for sale individually or together as a combined portfolio offering at $2,700,000. Together, these properties provide a diverse blend of retail, mixed‑use, and owner‑user potential in a highly desirable coastal market directly across from Naples Square, benefiting from exceptional pedestrian and vehicle traffic.
1079 3rd Ave features a multi‑tenant retail strip center with two well‑positioned buildings, offering an owner‑user the ability to occupy approximately ±3,880 SF (57%) while generating income from existing tenants. With several tenants on short‑term leases, the property presents value‑add potential through renewals and rental rate adjustments. Zoned C‑T (Thoroughfare Commercial), the site supports a wide range of uses including retail, office, restaurant, professional services, and veterinary clinics.
1085–1093 3rd Ave is a stable mixed‑use investment consisting of two retail units—one occupied by a national fast‑food tenant in place for over 27 years—and a residential tri‑plex providing diversified income. The asset currently produces an adjusted NOI of $76,194, reflecting a 6.10% cap rate, making it an attractive long‑term hold.
Offered separately or together, these properties provide a compelling opportunity for investors or owner‑users seeking flexibility, income stability, and future upside in a prime location.
Investment Highlights
- Multi-Tenant Strip Center: Residential Tri-Plex
- 1079 3rd Ave Building Size: +/- 6,754 SF Up to 3,880 SF Can be Made Available for Owner/User
- 1085-1087 3rd Ave: Retail: Papa John’s, Third Ave Pharmacy
- 1089-1093 3rd Avenue: Residential Tri-Plex
- Property Size: +/- 36,772 SF (.84 AC)
- Ample Onsite Parking: 40 Spaces
- High Visibility Location: Strong Traffic Counts
- Sale Price: $2,700,000
- Can also be sold separate
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Contact Information
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Ownership Information
Zoning
CT CommercialSpecial CommercialThoroughfare Commercial
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View all 69 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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