Investment Overview

Capri is a mixed-use property consisting of a retail condominium and four upstairs residential condominiums. Marcus & Millichap is pleased to present for sale the 5,027 square foot retail component as a fully leased, trophy investment opportunity for qualified investors. Sitting prominently on the west side of Coast Highway 101 in the heart of Encinitas' pedestrian retail district, it is on the corner of I Street directly across from the Lumberyard and a 5-minute walk from Swami's beach. The property is elevator served with eight (8) retail-dedicated parking stalls in the underground gated garage. There are an additional three (3) parking spaces at the rear of the building on the ally and one (1) loading space. Over the past many years, Encinitas has continued to gain prominence as a destination for both locals and tourists wtihin San Diego County. Weekends, regardless of time of year, see Coast Highway packed with both cars and pedestrians and downright overflowing during the many events throughout the year for which this stretch of Coast Highway is shut down to vehicle traffic -- such as street fairs and holiday parades. With tenants that successfully endured through the pandemic, this once-in-a-lifetime opportunity is sure to please the discerning investor with stable and increasing cash flow for decades to come.