Downtown San Diego Mixed-Use
640 Broadway, San Diego, CA 92101
For Sale
Contact for pricing
Mixed-use building in downtown San Diego with redevelopment potential.
Property Size29,096 SF
Lot Size0.23 Acres
Price / SF$271.51
Days on Market238
Property Features for 640 Broadway
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Stories
Units
Tenancy
Listing Agency:
Lee & Associates San Diego - Carlsbad
Listed By:
Michael Golden · License CA #01359892
(760) 310-6567
Source:
Crexi
Added: Mar 19
Changed: Nov 4
Last Checked: Nov 10 at 9:07AM
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 Lee & Associates San Diego - Carlsbad
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Investment Insights
Based on property information with market context.
The property at 640 Broadway is centrally located in the Downtown San Diego Core, near the Gaslamp Quarter, Horton Plaza, and Civic Theatre, with access to retail, dining, entertainment, and employment amenities. The location offers walkability and convenient access to Interstate 5, Interstate 163, Highway 94, and multiple trolley and bus lines, providing connectivity throughout San Diego County. The property consists of approximately 0.23 acres (10,032 square feet) and includes a 29,096-square-foot mixed-use building currently accommodating retail, restaurant, office, and commercial uses. Situated within the Downtown San Diego submarket, the property is zoned CCPD-CORE (Centre City Planned District - Core District) and lies within the Complete Communities Downtown Area, allowing for unlimited FAR and significant high-density development potential. Architecturally developed concept plans illustrate a potential 384-unit residential development, positioning the site as a high-rise residential mixed-use redevelopment opportunity.
Key Highlights
- Unlimited FAR and high‑density development potential.
- Redevelopment opportunity for a high‑rise residential mixed‑use project with architecturally developed concept plans for 384 units.
- Prime downtown location near Gaslamp Quarter, Horton Plaza, and Civic Theatre.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$562,135
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,242,700
$11.2M
Cap Rate 7%
$8,030,500
$8.0M
Cap Rate 9%
$6,245,944
$6.2M
Market Conditions
NOI Build-Up for 29,096 SF
Gross rent
$977.6K $33.60/SF
− Vacancy
−$78.2K −$2.69/SF
EGI
$899.4K $30.91/SF
− OpEx
−$337.3K −$11.59/SF
NOI
$562.1K $19.32/SF
Area
San Diego, CA
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,242,700
Cap Rate 7%
$8,030,500
Cap Rate 9%
$6,245,944
Alternative Uses
Best Use
Mixed Use
$8.03M
$7.03M – $9.37M
NOI $562,135 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.49M
$10.06M – $13.41M
NOI $804,446 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13,093
Businesses Nearby
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Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in San Diego, CA
Properties on Market for Mixed-use properties in San Diego
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in downtown San Diego with redevelopment potential.
Where is this mixed-use property located?
The property is located at 640 Broadway San Diego, CA.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Unlimited FAR and high‑density development potential.; Redevelopment opportunity for a high‑rise residential mixed‑use project with architecturally developed concept plans for 384 units.; Prime downtown location near Gaslamp Quarter, Horton Plaza, and Civic Theatre.
