Vacant-User
Hillcrest Mixed-Use
416 University Ave, San Diego, CA 92103
Listing Price: $2,395,000
Investment Overview
Marcus & Millichap has been retained by ownership to exclusively market for sale 416 University Avenue, an urban mixed-use offering in San Diego, California.
Located between Fourth and Fifth Avenue is 416 University Ave, San Diego, CA 92103, is an irreplaceable investment or owner-user opportunity in the heart of Hillcrest, in one of San Diego’s most sought-after real estate sub-markets.
This two story mixed-use property consists of 5,690 sf of gross rentable area. The ground floor is comprised of 1,650 square feet of commercial retail space and the second floor is 4,040 square feet space with elevated ceilings and a terrace with frontage along University Ave. Both spaces are vacant and in shell condition presenting a wide range of possibilities for a user or investor to capitalize on the asset’s potential. The property also has eight gated parking stalls with alley access.
Hillcrest continues to be a focal point for new apartment development in San Diego and remains as one of the top rental markets in the entire county for housing. Just north of Downtown San Diego and adjacent to Balboa Park, this area is one of San Diego’s most populated and trendiest neighborhoods, close to major public transportation, and quick access to all parts of San Diego with its proximity to all the major freeways in the county.
Investment Highlights
- Urban Mixed-Use Asset in Shell Condition
- 5,690 SF Mixed-Use Building on 5,060 SF Land with 8 Space Gated Parking Spaces
- 1st Floor former Fig Tree Restaurant Bar Space – 1,650 SF & 2nd Floor Shell Space Potential Creative Office/Apts – 4,040 SF
- Located in the Heart of Hillcrest on 5th & University highly sought after sub-market of San Diego
Exclusively Listed By
Financing By
Listing Price: $2,395,000
Investment Highlights
- Urban Mixed-Use Asset in Shell Condition
- 5,690 SF Mixed-Use Building on 5,060 SF Land with 8 Space Gated Parking Spaces
- 1st Floor former Fig Tree Restaurant Bar Space – 1,650 SF & 2nd Floor Shell Space Potential Creative Office/Apts – 4,040 SF
- Located in the Heart of Hillcrest on 5th & University highly sought after sub-market of San Diego
Investment Overview
Marcus & Millichap has been retained by ownership to exclusively market for sale 416 University Avenue, an urban mixed-use offering in San Diego, California. Located between Fourth and Fifth Avenue is 416 University Ave, San Diego, CA 92103, is an irreplaceable investment or owner-user opportunity in the heart of Hillcrest, in one of San Diego’s most sought-after real estate sub-markets. This two story mixed-use property consists of 5,690 sf of gross rentable area. The ground floor is comprised of 1,650 square feet of commercial retail space and the second floor is 4,040 square feet space with elevated ceilings and a terrace with frontage along University Ave. Both spaces are vacant and in shell condition presenting a wide range of possibilities for a user or investor to capitalize on the asset’s potential. The property also has eight gated parking stalls with alley access. Hillcrest continues to be a focal point for new apartment development in San Diego and remains as one of the top rental markets in the entire county for housing. Just north of Downtown San Diego and adjacent to Balboa Park, this area is one of San Diego’s most populated and trendiest neighborhoods, close to major public transportation, and quick access to all parts of San Diego with its proximity to all the major freeways in the county.