5219-5221 University Ave
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5219-5221 University Ave
2,650 SF Retail Building San Diego, CA 92105 $425,000 ($160/SF)
Investment Highlights
- TENANTS None
- ZONING CC-5-3 | ZONING OVERLAY CCHS Tier 3: 6.5x FAR
- CONDITION Destroyed/Fire Damage
Executive Summary
For sale: a retail building located in the vibrant Mid-City area of San Diego at 5219-21 University Ave, San Diego, CA 92105. This property features a lot size of 5,643 square feet with a building size of 2,650 square feet. Built in 1957, this structure offers a prime opportunity for redevelopment or renovation in a bustling area. However, it should be noted that the building has suffered significant damage due to a recent fire, requiring extensive repair or possibly a complete rebuild.
The property is situated in a high-traffic location with a Walk Score of 79, indicating its strong pedestrian-friendly nature and easy accessibility to surrounding amenities. It is zoned CC-5-3, which allows for a mix of commercial and residential uses, making it ideal for investors looking to maximize its potential. Additionally, the site is within the Complete Communities Housing Solution Tier 3 Overlay, offering potential incentives for developers aiming to add housing to the area.
This is a unique investment opportunity for developers and visionaries looking to transform a well-located property into a revitalized space that meets the needs of the growing Mid-City community. With its prime zoning and strategic location, the possibilities for this property are extensive, despite its current condition.
The property is situated in a high-traffic location with a Walk Score of 79, indicating its strong pedestrian-friendly nature and easy accessibility to surrounding amenities. It is zoned CC-5-3, which allows for a mix of commercial and residential uses, making it ideal for investors looking to maximize its potential. Additionally, the site is within the Complete Communities Housing Solution Tier 3 Overlay, offering potential incentives for developers aiming to add housing to the area.
This is a unique investment opportunity for developers and visionaries looking to transform a well-located property into a revitalized space that meets the needs of the growing Mid-City community. With its prime zoning and strategic location, the possibilities for this property are extensive, despite its current condition.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,650 SF
Building Class
C
Year Built
1957
Price
$425,000
Price Per SF
$160
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
CC-5-3 - ZONING
CC-5-3
ZONING OVERLAY
CCHS Tier 3: 6.5x FAR
Parking
8 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
54 FT on University Ave
Amenities
- Signage
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 472-491-29 | Improvements Assessment | $94,511 |
| Land Assessment | $115,260 | Total Assessment | $209,771 |
PROPERTY TAXES
Parcel Number
472-491-29
Land Assessment
$115,260
Improvements Assessment
$94,511
Total Assessment
$209,771
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Aaron Bove -
Casey Sanders -
Marcus & Millichap
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5219-5221 University Ave
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