Coastal Carlsbad Investment & Development Opportunity
Coastal Carlsbad Multi-Tenant Investment & Development Opportunity
Marketing description
Presenting a rare investment or development opportunity located at 3039 Jefferson Street in one of North County San Diego's most desirable coastal communities. This property encompasses ±4,570 SF of retail and office space on a ±10,000 SF lot. Currently operating as a multi-tenant commercial center, the property features flexible suites with diverse appeal that are ideal for wellness, retail, and office uses. It delivers stable in-place cash flow from established tenants while offering an investor significant upside rent potential.
Beyond the immediate value-add investment appeal, the property serves as an excellent covered land play. Zoned V-B Village Barrio, the ±10,000 SF parcel is prime for future development.
The asset is exceptionally well-located, offering easy access to Interstate 5, Highway 78, and Carlsbad Village. Situated just a two-minute drive from the heart of Carlsbad Village and Carlsbad State Beach, the property benefits heavily from strong local demographics, robust tourism, and continuous year-round economic growth.
Investment highlights
- Pricing & Yield: Offered at $3,990,000 with a 4.0% Proforma Cap Rate.
- Property Specifications: Features ±4,570 SF of multi-tenant retail and office buildings situated on a spacious ±10,000 SF lot.
- Value-Add Potential: Provides stable cash flow from established tenants with immediate upside rent potential.
- Development Opportunity: The property is zoned V-B Village Barrio and the lot is prime for future development.
- Diverse Tenant Mix: Offers flexible suites that hold diverse tenant appeal, ideal for office, retail, wellness, and more.
- Premier Coastal Location: Exceptionally situated just a two-minute drive from Carlsbad Village and Carlsbad State Beach.
- Strong Market Drivers: Positioned in a coastal lifestyle market where a high quality of life drives demand and tenant retention, benefiting from robust tourism and year-round economic growth.
- Excellent Accessibility: Centrally located with easy access to the I-5 Freeway and Highway 78, plus on-site and plenty of street parking.
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