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31783527
31783526

2725-2727 Shelter Island Drive, San Diego, CA 92106

JA
CA CA 00956805
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad
$6,950,000
48 days on market
Updated 48 days ago

2725-2727 Shelter Island Drive

Details
APN 531-200-02-00
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 10,858
Net Rentable (SqFt) 10,858
Cap Rate 5.36%
NOI $411,304
Tenancy Multi
Pro-Forma Cap Rate 5.92%
Price per SqFt $640
Year Built 1971
Stories 2
Acreage 0.220
Zoning CV-1-2 Commercial Visitor
Parking Spaces 80 spaces
Parking Per SqFt 7.37
Investment Type Stabilized

Retail | 5.36% CAP | 10,858 SqFt

Marketing description

2725–2727 Shelter Island Drive presents a rare opportunity to acquire a waterfront-oriented, multi-tenant commercial property in one of San Diego's most exclusive and supply-constrained coastal submarkets. Located along the primary thoroughfare leading directly to San Diego Harbor, the property benefits from exceptional visibility, strong visitor traffic, adjacent public parking, and durable long-term demand driven by tourism, maritime activity, and affluent surrounding neighborhoods.

The property at 2725–2727 Shelter Island Drive is a two story, elevator-served, multi-tenant commercial building totaling approximately 10,858 rentable square feet, situated on a 9,524-square-foot (0.22-acre) parcel.

First floor: The ground level is demised into multiple retail and commercial suites ranging from approximately 547 square feet to 2,115 square feet, allowing flexibility for future reconfiguration. Each suite offers: 

Exterior window exposure 

Individual private access 

Ground-level accessibility 

Second floor: The entire second floor is occupied by Brigantine’s first-ever restaurant, a long-standing Point Loma dining anchor known for its sea food focused menu, lively atmosphere, and sweeping marina views extending toward the Pacific Ocean. Architectural features such as nautical canopies and piling accents reinforce the property’s coastal character and enhance curb appeal. Originally constructed in 1971, the building benefits from adjacency to extensive public parking facilities, effectively offsetting the lack of onsite parking — a standard and accepted condition in this coastal district. The southern boundary of the property is overseen by the San Diego Port Authority, contributing to a well-maintained and professionally regulated environment.


Investment highlights

  • Prime frontage along Shelter Island Drive, the gateway to San Diego Harbor
  • Adjacent public parking with 80+ free spaces plus Port Authority metered parking
  • Walkable to marinas, yacht clubs, hotels, restaurants, and waterfront amenities
  • Ground-floor retail/commercial suites with individual exterior entrances
  • Elevator-served, two-story configuration
  • Prominent signage and strong street presence
  • Flexible CV-1-2 Commercial Visitor zoning

Listing Contacts

JA
CA CA 00956805
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$411,304.00
$34,275.33/mo

Valuation Metrics

0
DSCR
5.92%
Cap Rate
5.92%
ROI

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Additional Information

Name
Jeff Abramson
License
CA 00956805
Brokerage
Lee & Associates - NC San Diego
Brokerage Phone
7605055301
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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