1485 E St San Diego, CA
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Leased retail property in downtown San Diego's East Village.
Type:RETAIL
Property size:
20,523 SFLot size:
0.47 AcresPrice / SF:
$341/SF- Added:
- Aug 1, 2025
- Days on Market:
- 268
- Last Refresh:
- Apr 5 at 9:35 pm
Property Features for 1485 E St
General Information
- Standard status
- Active
- Size
- 20,523 SF
- Lot size
- 0.47 Acres
- Property subtype
- RETAIL
Listing agent Regis Kobzi
Listing office CBRE | San Diego (858) 546-4600
Listing date Aug 1, 2025
Source Moodyscre
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 CBRE | San Diego
Overview
Prime Urban Retail Investment Opportunity
This property offers an opportunity to acquire approximately 20,523 square feet of physical improvements under the terms of a long-term ground lease with 47 years remaining. The location benefits from a dense urban environment and convenient accessibility in downtown San Diego's East Village, an area experiencing growth with numerous new restaurants, apartments, and condo developments. The property is 100% leased to Punch Bowl Social, which operates multiple locations across the nation. The tenant recently completed an extensive renovation, demonstrating a long-term commitment to the location. The asset provides fixed increases every 5 years, allowing for passive income growth. Developable commercial land is scarce in this downtown location, making this property virtually irreplaceable. The master leasehold estate includes a 'right of first offer' to purchase the premises from the ground lessor during the initial lease term.
Location Intelligence
Current Use by Public Records
Punch Jewelry Shop
(Bike/Boat/Book/etc) Store
Punch Bowl Social
Restaurant
Similar Places Nearby
- Gaslamp San Diego Same Day Flower Delivery — 266 Island Ave, San Diego, CA 92101, United States
- Edible Florist — 245 Horton Plaza, San Diego, CA 92101, United States
- Nostalgia Flowers and Gifts — 1425 Market St, San Diego, CA 92101
- Mona Flower Boutique — 454 13th St, San Diego, CA 92101
- Albertsons Floral — 655 14th St, San Diego, CA 92101
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.151
- Latitude
- 32.7145
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Leased retail property in downtown San Diego's East Village.
Where is this storefront property located?
The property is located at 1485 E St San Diego, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Credit Tenancy: 100% leased to Punch Bowl Social, a growing national brand.; Favorable Master Leasehold Estate: Long‑term 55‑year ground lease (47 years remaining) with 'right of first offer' to purchase.; Built‑in NOI Growth: Fixed rental increases every 5 years for passive income growth.
