3455 Ingraham StSan Diego, CA 92109

Property Details for 3455 Ingraham St

Year built

1970

Lot size

0.08 AC

Property size (Sq ft)

2,244 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

423-531-04-00

APU

4235310400

Description

This exceptional 2,245 sq ft mixed-use building in San Diego's desirable Crown Point/Mission Bay area presents a unique owner-user or investment opportunity. The property, built in 1970 and renovated in 2018, boasts a 100% occupancy rate and features a spacious interior including a reception area, three offices (one equipped as an X-ray room), a large open space, kitchen, and a computer/printer room. The CN-1-2 zoning allows for a variety of commercial uses, including retail, office, medical, dental, veterinary, and personal services. A significant advantage is the potential for developing two additional residential units above the existing structure, given the 3,676 sq ft lot size. The on-site parking lot provides ample parking for patrons and staff, a highly valuable asset in this location. This free-standing building offers high visibility, situated in a thriving neighborhood surrounded by multi-million dollar homes, beaches, parks, and boardwalks. The asking price is $2,245,000, translating to $1,000 per square foot. This is a 1-story building with one unit. The property is offered as a 1031 exchange opportunity. The sale includes the building and the land, with no ground lease. This is a rare opportunity to acquire a prominent commercial property in a highly sought-after coastal San Diego location.

• CAP approach

  CAP return

  Valuation

  6%

  $691,456

  6.5%

  $638,268

  7%

  $592,677

• Comparable approach

  Method

  Valuation

  Relative Method

  $915,207

  Geo Method

  $1,990,348

• Alternative Use

  Use

  Valuation

  Residential

  $538,403

  Hospitality

  $493,174

  Educational

  $410,315

  Medical

  $424,426

  Retail

  $638,268

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7824

Longitude

-117.237

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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