Adjacent Retail and Mixed-Use
1079 & 1085-1093 3rd Avenue Chula Vista, CA 91911
1079 & 1085-1093 3rd Avenue, Chula Vista, CA, 91911
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For Sale
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Two adjacent commercial assets combine multi-tenant retail with mixed-use and residential income, with C-T zoning allowing varied uses.
Property Size6,754 SF
Price / SF$399.76
Days on Market117
Property Features for 1079 & 1085-1093 3rd Avenue
General Information
- Standard status
- Active
- Size
- 6,754 SF
- Property subtype
- Retail, Multifamily, Office, Mixed Use
Listing agency
Pacific Coast Commercial
Listed by
Valley Coleman · License #02065336
Source
Crexi
Added: Mar 27 Updated: Jul 21 at 2:00AM Checked: Jul 21 at 2:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Coast Commercial
Investment Insights
Based on property information with market context.
Pacific Coast Commercial presents two adjacent properties at 1079 3rd Ave and 1085–1093 3rd Ave, offered for sale individually or together as a combined portfolio. 1079 3rd Ave is a multi-tenant retail strip center with two buildings, providing an owner-user opportunity to occupy about 57% while generating income from existing tenants, including several on short-term leases.
1085–1093 3rd Ave is a stable mixed-use investment featuring two retail units and a residential tri-plex. One retail unit is occupied by a national fast-food tenant in place for more than 27 years. The residential tri-plex adds additional diversification to the income stream.
Both assets benefit from a highly trafficked coastal setting directly across from Naples Square, supporting strong pedestrian and vehicle activity. 1079 3rd Ave is zoned C-T (Thoroughfare Commercial), with use support described to include retail, office, restaurant, professional services, and veterinary clinics. The mixed-use property is currently reported with an adjusted NOI of $76,194 and a 6.10% cap rate, reflecting an investor-oriented long-term hold profile.
1085–1093 3rd Ave is a stable mixed-use investment featuring two retail units and a residential tri-plex. One retail unit is occupied by a national fast-food tenant in place for more than 27 years. The residential tri-plex adds additional diversification to the income stream.
Both assets benefit from a highly trafficked coastal setting directly across from Naples Square, supporting strong pedestrian and vehicle activity. 1079 3rd Ave is zoned C-T (Thoroughfare Commercial), with use support described to include retail, office, restaurant, professional services, and veterinary clinics. The mixed-use property is currently reported with an adjusted NOI of $76,194 and a 6.10% cap rate, reflecting an investor-oriented long-term hold profile.
Key Highlights
- Two adjacent commercial properties: 1079 3rd Ave and 1085–1093 3rd Ave, available individually or as a combined portfolio.
- 1079 3rd Ave: multi‑tenant retail strip center with two buildings; approximately ±3,880 SF (57%) for potential owner‑user occupancy.
- 1085–1093 3rd Ave: mixed‑use with two retail units, including a national fast‑food tenant in place for over 27 years.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.3k | $25.80 |
| − Vacancy | −$7.8k | −$1.16 |
| EGI | $166.4k | $24.64 |
| − OpEx | −$49.9k | −$7.39 |
| NOI | $116.5k | $17.25 |
6,754 SF · lease $25.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.46M – $1.94M
NOI $116,488 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,042 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,786 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Abogado Defensor Penalista ...
Law Firm
Medical Marijuana Card ...
Alternative Medicine Practice
Eastlake Living Party ...
Party Supply Store
Clases de Ciudadanias ...
Immigration & Naturalization Service
Western Union
Bank
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FAQs
What type of property is this?
Strip mall - Two adjacent commercial assets combine multi-tenant retail with mixed-use and residential income, with C-T zoning allowing varied uses.
Where is this strip mall located?
The property is located at 1079 & 1085-1093 3rd Avenue Chula Vista, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Two adjacent commercial properties: 1079 3rd Ave and 1085–1093 3rd Ave, available individually or as a combined portfolio.; 1079 3rd Ave: multi‑tenant retail strip center with two buildings; approximately ±3,880 SF (57%) for potential owner‑user occupancy.; 1085–1093 3rd Ave: mixed‑use with two retail units, including a national fast‑food tenant in place for over 27 years.
