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32664306
32664308

3494 Main Street, San Diego, CA 92113 For Sale

KG
AZ SA684403000
NewGen Advisory
JD
AZ SA675144000
NewGen Advisory Phoenix
Listed by NewGen Advisory, NewGen Advisory Phoenix
$1,750,000
69 days on market
Updated 23 days ago
Opportunity zone

Main Street Motel

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 10,834
Keys 27
Buildings 4
Stories 2
Acreage 0.510
Zoning IH-1-1
Investment Type Redevelopment
Sale Condition Distressed

REDEVELOPMENT OPPORTUNITY

Marketing description

The Main Street Motel is a former 27-room, two-story independent economy hotel located in San Diego’s South/East submarket, offering strong visibility along Main Street and convenient access to Interstate 5, public transit, and San Diego International Airport. Situated on a 0.51-acre urban lot with IH-1-1 zoning, the property features exterior corridor access, surface parking, and a functional layout, positioning it well within a high-demand and evolving area.

Currently closed, the property presents a compelling repositioning opportunity for investors and developers. Located within an Opportunity Zone, the asset offers potential for redevelopment, conversion to a recognized hotel brand, or renovation to maximize the site’s potential. The property is permit-ready, with asbestos abatement and demolition work already completed and approved by city inspection, allowing a buyer to begin renovation immediately.

Investment highlights

  • Former 27 room motel ready for immediate renovation
  • Asbestos abatement and demolition work completed
  • Located in a federal Opportunity Zone with IH-1-1 zoning
  • Minutes to Pacific Fleet Trolley, easy access to downtown, and just 1.7 miles from the Naval Base

Listing Contacts

KG
AZ SA684403000
NewGen Advisory
JD
AZ SA675144000
NewGen Advisory Phoenix
Listed by NewGen Advisory, NewGen Advisory Phoenix

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Additional Information

Name
Andrew Post
License
CA #1960611
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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