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Drive-Through Retail Investment Opportunity

46-48 Broadway, Chula Vista, CA 91010

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For Sale

$1,599,000

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

Type:Retail

Property size:

5,316 SF

Price / SF:

$300/SF

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Contact an agent

Mie Kim

HighLights

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.
Lease ending 10/31/2027 with options for renewal or early tenant vacancy.
4.4% Cap rate under the sales price and its new property tax rate with in‑place low current rent.
Close proximity to San Diego International Airport.

Learn more

For Sale

$1,599,000

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

Type:Retail

Property size:

5,316 SF

Price / SF:

$300/SF

Added:: Dec 3, 2025
Days on Market:: 215
Last Refresh:: Apr 5 at 8:16 pm

Property Features for 46-48 Broadway

General Information

Standard status: Active
Size: 5,316 SF
Property subtype: Retail

Building Details

Year Built: 1938

We can help!

Contact an agent

Mie Kim

Listing office

Listing date Dec 3, 2025

Source Cbcworldwide

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 Mie Kim

HighLights

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.
Lease ending 10/31/2027 with options for renewal or early tenant vacancy.
4.4% Cap rate under the sales price and its new property tax rate with in‑place low current rent.
Close proximity to San Diego International Airport.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$132.7k	$24.96
− Vacancy	−$4.6k	−$0.87
EGI	$128.0k	$24.09
− OpEx	−$32.0k	−$6.02
NOI	$96.0k	$18.06

5,316 SF · lease $24.96/SF/yr · vacancy 3.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,032 @ 7.0% cap · market cap 6.01%

Second Best

Retail

$1.12M

$978.5K – $1.30M (±1% cap)

NOI $78,277 @ 7.0% cap · market cap 4.90%

Theoretical Best

Office A

$1.70M

$1.48M – $1.98M (±1% cap)

NOI $118,682 @ 7.0% cap · market cap 7.42%

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

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Chula Vista
County: San Diego
State: California
Longitude: -117.096
Latitude: 32.6465

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For sale
Retail space
CA
Chula Vista
91010
46-48 Broadway

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 $1,599,000.

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.