55
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$5,750,000
Est. payment /mo
23,730 SqFt
Pending
1858 Newton Ave San Diego, CA 92113
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UPDATED:
09/16/2024 05:32 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 23,730 sqft
Price per Sqft $242
MLS Listing ID 24-418749
Lot Size 0.640 Acres
Acres 0.64
Property Description
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Location
State CA
County San Diego
Area San Diego
Zoning BLPD-REDEV
Exterior
Garage Spaces 35.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by REMAX COMMERCIAL & INVESTMENT REALTY