Firehouse American Eatery & Lounge | 722 Grand Ave
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Firehouse American Eatery & Lounge 722 Grand Ave
4,500 SF Retail Building San Diego, CA 92109 $10,500,000 ($2,333/SF) 3.55% Cap Rate
Executive Summary
Coldwell Banker Commercial is pleased to offer this exceptionally rare opportunity to acquire a trophy asset in the highly sought after coastal market of San Diego. The property consists of two adjacent parcels that include the building which houses the Firehouse Eatery and an adjacent parking lot that fronts Hornblend Street. The two parcels are comprised of approximately 12,500 square feet and located west of Mission Blvd, just steps from the Boardwalk in Pacific Beach. The Firehouse Eatery building is a free-standing single tenant retail space with approximately 4,500 square feet of improvements. Laz Parking occupies the other parcel and is zoned CV-1-2 (Commercial Visitor) which allows for a mixed-use development with a base density of One dwelling unit per 1,500 SF lot area and a Floor Area Ratio (FAR) of 2.0.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
2006
Price
$10,500,000
Price Per SF
$2,333
Cap Rate
3.55%
NOI
$372,750
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.29 AC
Zoning
CV-1-2 - (Commercial Visitor) is intended to accommodate a mix of visitor-serving uses and residential uses with a pedestrian orientation
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 423-022-07 | Improvements Assessment | $513,700 |
Land Assessment | $794,600 | Total Assessment | $1,308,300 |
PROPERTY TAXES
Parcel Number
423-022-07
Land Assessment
$794,600
Improvements Assessment
$513,700
Total Assessment
$1,308,300
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Firehouse American Eatery & Lounge | 722 Grand Ave
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