Freestanding Restaurant with
For Sale
Contact for pricing
2730 University Ave, San Diego, CA 92104
Existing commercial kitchen and equipment support continued food-and-beverage use.
Property Size4,130 SF
Price / SF$629.54
Days on Market51
Property Features for 2730 University Ave
General Information
Standard status
Active
Size
4,130 SF
Property subtype
RETAIL
Additional Details
Patio
Yes
Listing Agency:
Next Wave Commercial
(619) 326-4400
Listed By:
Nate Benedetto · License #01436440
Source:
Moodyscre
Added: Aug 27
Changed: Oct 3
Last Checked: Oct 14 at 10:39PM
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 Next Wave Commercial
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Investment Insights
Based on property information with market context.
This freestanding restaurant property encompasses 4,130 square feet and includes a full commercial kitchen with equipment in place. A substantial patio expands the premises beyond the interior, creating an indoor-outdoor configuration for restaurant operations and related hospitality concepts. The property is located at 2730 University Ave in San Diego’s North Park area.
Across the street, a forthcoming 120-unit residential development is planned, with design work by architect Jeff Svitak. The surrounding context includes nearby culinary businesses, including A’louest, Leila, and Bacari. The existing restaurant improvements provide a ready physical framework for continued food-and-beverage use without requiring a conversion from another commercial format.
Across the street, a forthcoming 120-unit residential development is planned, with design work by architect Jeff Svitak. The surrounding context includes nearby culinary businesses, including A’louest, Leila, and Bacari. The existing restaurant improvements provide a ready physical framework for continued food-and-beverage use without requiring a conversion from another commercial format.
Key Highlights
- 4,130‑square‑foot freestanding restaurant property
- Full commercial kitchen and equipment already installed
- Substantial patio supports indoor‑outdoor dining configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,186
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,720
$2.3M
Cap Rate 7%
$1,631,229
$1.6M
Cap Rate 9%
$1,268,733
$1.3M
Market Conditions
NOI Build-Up for 4,130 SF
Gross rent
$158.6K $38.40/SF
− Vacancy
−$6.3K −$1.54/SF
EGI
$152.2K $36.86/SF
− OpEx
−$38.1K −$9.22/SF
NOI
$114.2K $27.65/SF
Area
San Diego, CA
Vacancy
4.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,720
Cap Rate 7%
$1,631,229
Cap Rate 9%
$1,268,733
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,186 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,822
Businesses Nearby
291k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 28%
Shops & Services 16%
VONS
Groceries
55,535 visits/mo
0.3 miles
Smart & Final
Groceries
27,381 visits/mo
0.4 miles
Starbucks
Dining
25,720 visits/mo
0.4 miles
Taco Bell
Dining
18,973 visits/mo
0.5 miles
Wendy's
Dining
18,933 visits/mo
0.4 miles
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Diego, CA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing commercial kitchen and equipment support continued food-and-beverage use.
Where is this conventional restaurant located?
The property is located at 2730 University Ave San Diego, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 4,130‑square‑foot freestanding restaurant property; Full commercial kitchen and equipment already installed; Substantial patio supports indoor‑outdoor dining configuration
