North Park Mixed-Use Investment Opportunity | 2926-2936 Lincoln Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
North Park Mixed-Use Investment Opportunity 2926-2936 Lincoln Ave
5,810 SF 100% Leased Retail Building San Diego, CA 92104 $2,178,000 ($375/SF)
Investment Highlights
- MIXED-USE | 6 Unit | 1st Floor Retail | 2nd Floor Apartments
- Mixed-Use Leases giving a new owner power to take the property where they desire.
- Excellent Visibility near the intersection of 30th Street.
- Potential Added Value from recapture of expenses, increased rent, property improvements, future redevelopment.
- Cohesive Tenants that work and live locally. | Solid demographics with loyal customers.
- Low Vacancy in walkable residential, retail, restaurant and entertainment zone.
Executive Summary
This property is located in the high demand area of North Park for investors, owner-users and developers. Why is it in high demand? Densely populated neighborhood, bustling high traffic local retail, attractive zoning, low vacancy, high rents, long-term appreciation. It is located near the busy hub of Lincoln Avenue and 30th Street, which is walkable to prime retail, farmers market and annual festivities. The mixed-use aspect of this investment property gives a new owner.
(3) Three retail tenants with stable cashflow, ability to grow the bottom line through recapturing operating expenses in a NNN lease format
(3) Three apartment units ready to be upgraded and revenue increased. This property offers an investor an opportunity to increase the Net Operating Income of the property and hold an asset in popular area of San Diego, California.
(3) Three retail tenants with stable cashflow, ability to grow the bottom line through recapturing operating expenses in a NNN lease format
(3) Three apartment units ready to be upgraded and revenue increased. This property offers an investor an opportunity to increase the Net Operating Income of the property and hold an asset in popular area of San Diego, California.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,810 SF
Building Class
C
Year Built
1953
Price
$2,178,000
Price Per SF
$375
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.54
Land Acres
0.09 AC
Zoning
CC-3-6
Frontage
68 FT on Lincoln Avenue
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Walker's Paradise (99)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $321,087 | |
| Land Assessment | $139,941 | Total Assessment | $461,028 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$139,941
Improvements Assessment
$321,087
Total Assessment
$461,028
-
Kris Boehmer -
Mack Langston -
Pacific Coast Commercial
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
North Park Mixed-Use Investment Opportunity | 2926-2936 Lincoln Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.