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    5220 Cass St

    San Diego, CA 92109
    • $2,900,000
    • STATUS: Active
    • ON SITE: 127 days
    • ID#: 210000440
    UPDATED: 32 min ago
    $2,900,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Commercial Appraisal Report Completed in March Call Agent to review. Commercial Building and a Single Family Home walking distance to the beach! This property has not been on the market in over 35 years. Large corner lot with a "Excellent Drive-By Exposure; situated on two famous streets in Pacific Beach (Cass & Turquoise). Lot is approximately 11,279sq/ft and boarders La Jolla and North Pacific Beach. The automotive tenant occupies the front lot with a building consisting of 3 auto bays; an office, a large front fenced 12 car parking lot and a secondary smaller back fenced lot. The "renovated 1,338sq/ft 3-bedroom, 1.5 bathrooms residence has its own address (5220 Cass Street) and comes with a small fenced front and backyard along with 2 Off Street Parking Spaces. The Lot abuts the back alley for a third access point. Both tenants have lower than market value rents for a value add to new owner or possibly a redevelopment location. Close to shops, stores, deli, restaurants and public transportation. Located in the heart of Pacific Beach. Commercial Building and a Single Family Home walking distance to the beach! Commercial Building address is 986 Turquoise Street and the Single Family Residence is 5220 Cass Street. Lot is approximately 11,279sq/ft (per assessors record) and boarders La Jolla and North Pacific Beach. The automotive tenant has a lease until 2029 and may be willing to negotiate an early termination. Automotive tenant occupies the front lot with a building consisting of 3 auto bays; an office, a large front fenced 12 car parking lot and a secondary smaller back fenced lot. The "renovated 1,338sq/ft3-bedroom, 1.5 bathrooms residence has its own address and comes with a small fenced front and backyard with 2 Off Street Parking Spaces. Renter in 986 Turquoise Street is a prized location in Pacific Beach. This is a rare opportunity to purchase a property that has not been on the market in over 35 years. With large corner lot this exceptional property is a few blocks from the ocean. Lot is approximately 11,279sq/ft and boarders La Jolla and North Pacific Beach. The automotive tenant occupies the front lot with a building consisting of three auto bays, an office, a large front fenced parking lot and a secondary smaller back fenced lot. The back 3 bedroom, 1.5 bathrooms residence has its own address (5220 Cass Street). This property has been recently renovated, and comes with a small fenced front and backyard along with two off street parking spaces. The Lot abuts the back alley for a third access point. Both tenants have less than market value rents for a value add to new owner or could possibly be a redevelopment location. The property sits on two famous streets in the San Diego beach area (Cass & Turquoise) and is across the street from shops & stores. Gated Lot with 12 Parking Spaces. The site is zoned CC-4-2; Commercial Use. To our knowledge there are no legal restrictions such as easements or deed restrictions that would effectively limit the use of the property. The physical characteristics of the site do not appear to impose any unusual restrictions of development. Overall, the physical characteristics of the site and the availability of utilities result in functional utility suitable for a variety of uses.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T16:34:38.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
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    5220 Cass St San Diego, CA 92109

    • Price: $2,900,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 210000440
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1948
    Built
    Neighborhood:
    92109 - Pacific Beach
    County:
    San Diego
    Area:
    92109 - Pacific Beach
    Property Description
    Commercial Appraisal Report Completed in March Call Agent to review. Commercial Building and a Single Family Home walking distance to the beach! This property has not been on the market in over 35 years. Large corner lot with a "Excellent Drive-By Exposure; situated on two famous streets in Pacific Beach (Cass & Turquoise). Lot is approximately 11,279sq/ft and boarders La Jolla and North Pacific Beach. The automotive tenant occupies the front lot with a building consisting of 3 auto bays; an office, a large front fenced 12 car parking lot and a secondary smaller back fenced lot. The "renovated 1,338sq/ft 3-bedroom, 1.5 bathrooms residence has its own address (5220 Cass Street) and comes with a small fenced front and backyard along with 2 Off Street Parking Spaces. The Lot abuts the back alley for a third access point. Both tenants have lower than market value rents for a value add to new owner or possibly a redevelopment location. Close to shops, stores, deli, restaurants and public transportation. Located in the heart of Pacific Beach. Commercial Building and a Single Family Home walking distance to the beach! Commercial Building address is 986 Turquoise Street and the Single Family Residence is 5220 Cass Street. Lot is approximately 11,279sq/ft (per assessors record) and boarders La Jolla and North Pacific Beach. The automotive tenant has a lease until 2029 and may be willing to negotiate an early termination. Automotive tenant occupies the front lot with a building consisting of 3 auto bays; an office, a large front fenced 12 car parking lot and a secondary smaller back fenced lot. The "renovated 1,338sq/ft3-bedroom, 1.5 bathrooms residence has its own address and comes with a small fenced front and backyard with 2 Off Street Parking Spaces. Renter in 986 Turquoise Street is a prized location in Pacific Beach. This is a rare opportunity to purchase a property that has not been on the market in over 35 years. With large corner lot this exceptional property is a few blocks from the ocean. Lot is approximately 11,279sq/ft and boarders La Jolla and North Pacific Beach. The automotive tenant occupies the front lot with a building consisting of three auto bays, an office, a large front fenced parking lot and a secondary smaller back fenced lot. The back 3 bedroom, 1.5 bathrooms residence has its own address (5220 Cass Street). This property has been recently renovated, and comes with a small fenced front and backyard along with two off street parking spaces. The Lot abuts the back alley for a third access point. Both tenants have less than market value rents for a value add to new owner or could possibly be a redevelopment location. The property sits on two famous streets in the San Diego beach area (Cass & Turquoise) and is across the street from shops & stores. Gated Lot with 12 Parking Spaces. The site is zoned CC-4-2; Commercial Use. To our knowledge there are no legal restrictions such as easements or deed restrictions that would effectively limit the use of the property. The physical characteristics of the site do not appear to impose any unusual restrictions of development. Overall, the physical characteristics of the site and the availability of utilities result in functional utility suitable for a variety of uses.
    Exterior Features

    Construction Materials BrickBlockConcrete

    Interior Features

    Heating See Remarks Heating YN Yes

    Property Features

    Current Financing Other Inclusions Listing Agreement Exclusive Right To Sell Listing Service Full Service Zoning Commercial

    Listing provided courtesy of Mark Powell of Discovery Property Group, Inc. and Frank Powell of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T16:34:38.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
     
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    Ontario CA, 91762