3096 National Avenue

San Diego, CA 92113

$2,600,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1930

calendar_month Built

Property Description

Introducing a premier investment opportunity at 3096 National Avenue, nestled in the heart of San Diego's Logan Heights neighborhood. This location isn't just a property; it's a gateway to endless potential in one of the city's most up-and-coming areas. Currently fully tenanted, this 17,568-square-foot development property offers positive cash flow, backed by a solid 4.17% CAP rate. With leases securing steady income, envision the immediate returns as you plot its future transformation. Situated strategically within a corridor of growth and opportunity, 3096 National Avenue benefits from its CC-3-6 Multi-Use and Opportunity Zone designation. The locale is situated for development, lying just a stone's throw from the thriving San Diego Naval Base, an 8-minute drive to the thriving Port of San Diego, and within easy reach of schools, public transit, and new shopping experiences. Why invest here? Logan Heights is on the brink of a renaissance, with 3096 National Avenue at its center. The area's expansion, fueled by its proximity to vital economic drivers, offers an investor the perfect canvas for a visionary mixed-use development combining retail excellence with residential luxury. Imagine a development where the ground floor buzzes with retail activity, while above, residential units offer breathtaking bay and city skyline views. This property comes with a concept for a mixed-use marvel, envisioning ten units per floor that promise not just a place to live or work, but a community to thrive in. 3096 National Avenue represents more than an investment; it's a cornerstone for future success in San Diego's real estate landscape. We invite you to seize this unparalleled opportunity, imagine the possibilities, and then make them a reality. Your future at Logan Heights begins today.

Listing Information

List Price $2,600,000
Status Active
MLS NDP2402228
HOA $0
Type Commercial
Subtype Retail
Year Built 1930
Lot Size N/A
Structure Size N/A
DOM 150
Courtesy Of eXp Realty of California, Inc
Listing Agent Ray Stendall DRE#02038682
Co-Listing Agent Peter Swales DRE#02227497

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Ray Stendall, Peter Swales, eXp Realty of California, Inc 858-877-0484. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.