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$ 1,650,000
Est. payment /mo
Active
5053 Churchward Street San Diego, CA 92113
8,873 Sqft Lot
UPDATED:
02/10/2025 07:34 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250001498SD
HOA Y/N No
Lot Size 8,873 Sqft
Property Description
First time offered in 50 years. Two story high visibility building that is fully rented with solid long term tenants including neighborhood market downstairs along with upstairs independent living facility. Wide range of exciting development opportunities due to very friendly multi-use zoning of CN-1-3 which allows for a myriad of commercial/residential ventures including up to FIVE residential units above/behind existing retail store. Located in the Transit Priority Area, Sustainable Development Area, Business Improvement District and Complete Communities Housing Solutions Area which increases the potential FAR from 1 to 6.5! Parcel being 60ft wide and nearly 9,000 sf. in total allows for complete build out. Also located in Opportunity Zone which may have favorable tax consequences. Tenants pay all utility bills and 65% of property tax. Sweeping southwesterly views from upstairs decking and balcony. Total gross monthly income $7,343. First time offered in 50 years. Two story high visibility building that is fully rented with solid long term tenants including neighborhood market downstairs and upstairs independent living facility. Wide range of exciting development opportunities due to friendly multi-use zoning of CN-1-3 allows for a myriad of commercial/residential ventures including up to FIVE residential units above/behind existing storefront. Located in Transit Priority Area, Sustainable Development Area, Business Improvement District and Complete Communities Housing Solutions zones increasing the FAR from 1.0 to 6.5! Also located in Opportunity Zone which may have favorable tax consequences. Tenants pay all utility bills and 65% of property tax. Parcel being 60ft wide and nearly 9,000sf allows for complete build out. Sweeping southwesterly views from upstairs decking and balcony. Total monthly gross income is $7,343.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning CN-1-3
Interior
Heating See Remarks
Inclusions , , , ,
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 54825005
Listed by Jim Jollett • James Jollett Realty