$1,900,000
$2,100,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/01/2024
Key Details
Sold Price $1,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240005402SD
Sold Date 11/01/24
HOA Y/N No
Property Description
Unlock the potential of 2602 National Avenue, a prime mixed-use property nestled in the vibrant neighborhood of Barrio Logan. Boasting over 3000 square feet of vacant retail space with 8 single rental occupancy units above, this property presents a rare opportunity for investors and entrepreneurs seeking to capitalize on the area's rapid growth and development. With over 3000 square feet of flexible retail space, the possibilities are endless. Whether you envision a trendy cafe, boutique gallery, or innovative co-working space, this blank canvas awaits your creative vision. Benefit from immediate income potential with 8 single rental occupancy units situated above the retail space. Currently leased significantly below market rents on month-to-month leases, there's ample room for value enhancement through strategic renovations and lease restructuring. While this property requires renovation work, its favorable CN 1-3 Zoning and prime location make it a compelling investment opportunity. With the right vision and execution, transform this diamond in the rough into a premier destination in the heart of Barrio Logan. Positioned in the heart of the trendy and up-and-coming neighborhood of Barrio Logan, 2602 National Avenue offers unparalleled access to vibrant cultural attractions, eclectic dining options, and thriving local businesses. Take advantage of the area's dynamic growth trajectory and be part of its exciting transformation.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Interior
Fireplace No
Others
Tax ID 5386102200
Financing Cash
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Bought with Erik Anderson • NorthMarq Multifamily
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com