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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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Ralphs
Starbucks
IHOP
Jinya Ramen Bar
24 Hour Fitness
Bank of America
Chase Bank
The Habit Burger Grill
Grocery Outlet
Flame Broiler

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
423-022-07
Land Assessment
$794,600
Improvements Assessment
$513,700
Total Assessment
$1,308,300
  • Listing ID: 32000797

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 722 Grand Ave, San Diego, CA 92109

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