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    46-48 Broadway Chula Vista, CA 91010

    For Sale
    $1,499,000

    Retail property with drive-through, redevelopment potential, and high ceilings.

    Property size:
    5,316 SF
    Lot size:
    0.31 Acres

    Property Features for 46-48 Broadway

    General Information

    Zoning
    C-3
    Size
    5,316 SF
    Lot size
    0.31 Acres

    Building Details

    Year built
    1938

    Source: Mie Kim Agent Mie Kim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Drive-Through Retail Investment Opportunity

    This retail property features a drive-through and offers a variety of potential uses, including automotive, restaurant, dental office, and dry cleaners. The property is currently operating at a 4.4% cap rate under the sales price and its new property tax rate with the current low rent. The current tenant's lease ends on 10/31/2027, with options for renewal at the market rent price. The current market rent price is significantly higher than the in-place rent. The current tenant has shown possible interest in vacating early. The interior features an open floorplan with extra high ceilings. The property offers great upside potential for an owner-user or investment once the current tenant renews with a new lease or vacates on 10/31/2027. The property is zoned C-3 per Chula Vista for a redevelopment plan. It is located in close proximity to San Diego International Airport (11 Miles). The property size is 5316 square feet on 0.31 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.0959769
    Latitude
    32.6464636

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    FAQs

    What type of property is this?
    Retail space - Retail property with drive-through, redevelopment potential, and high ceilings.
    Where is this retail space located?
    The property is located at 46-48 Broadway Chula Vista, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Drive-through retail property with diverse use potential.; - Significant upside potential for owner-user or investor due to below-market current rent.; - C-3 Zoning in Chula Vista suitable for redevelopment.
    (760) 672-4450
    Request Owner's contact information
    46-48 Broadway Chula Vista, CA 91010
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    Chula Vista, CA 91010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46-48 Broadway Chula Vista, CA 91010
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