Ocean Beach Commercial Building
Retail | 0.00% CAP | 4,802 SqFt
Marketing description
This Ocean Beach commercial building presents an exceptional owner-user, investor, or development opportunity in one of San Diego's most vibrant beach communities. The 4,802 SF building sits on a 7,000 SF lot with CC-4-2 zoning, offering mixed-use commercial and residential potential. Currently 100% leased to 6 commercial tenants on month-to-month agreements with below-market rents, providing significant upside potential.
The property features excellent visibility with 50 feet of frontage along Santa Monica Avenue and ample onsite parking with approximately 15 spaces. The building is excellently maintained with HVAC, plumbing, roof, and electrical systems in good condition, plus new travertine and wood flooring throughout. Downstairs retail units have private restrooms, and the property offers potential to develop ADUs in the rear or convert the upstairs into residential units.
Located walking distance to Newport Avenue, the beach, and pier, this is a rare fee simple ownership opportunity in Ocean Beach. First time on the market in decades, with potential for SBA financing for owner-users looking to relocate their business here.
Investment highlights
- Asking $4,200,000
- Building Size: 4,802 SF ($875/SF)
- Lot Size: 7,000 SF
- Assessor Parcel Number: 448-302-33-00
- Zoned CC-4-2 (Mixed-Use Commercial / Residential)
- Located in Ocean Beach
- Owner-User, Investor or Development Opportunity
- Potential to Develop ADUs in the Rear
- Convert the Upstairs into Residential Units
- All Leases on Month to Month Agreements
- 100% Leased to 6 Commercial Tenants Below Market
- Plenty of Onsite Parking (~15 Spaces!)
- Relocate Your Business Here, Obtain SBA Financing
- Excellently Maintained Building
- HVAC, Plumbing, Roof, Electricals in Good Condition
- New Travertine & Wood Flooring Throughout
- 50 Feet of Frontage Along Santa Monica Avenue
- Downstairs Retail Units Have Private Restrooms
- Walking Distance to Newport Ave, Beach & Pier
- Enjoy the OB Farmer's Market
- Fee Simple Ownership Opportunity
- Year Built in 1981
- Lease Agreements are Below Market Rents
- First Time on the Market in Decades
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