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    3940 4Th Ave San Diego, CA 92103

    Sponsored
    For Lease
    Contact for pricing

    Prime Hillcrest location, multiple suites available

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This 22,000 square foot, multi-tenant building in San Diego's vibrant Hillcrest neighborhood offers a unique opportunity for businesses seeking flexible and versatile space. Built in 1992, the property features three suites, with a minimum divisible space of 3,440 square feet and a maximum contiguous space of 5,584 square feet; 14,608 square feet are currently vacant. The building is ideally suited for retail, restaurant, office, and medical uses, boasting ample reserved on-site parking and elevator access to all floors. Private balconies are available on the upper floors, adding to the appeal. Its central Hillcrest location provides easy access to a wealth of amenities, including numerous restaurants, shops, and grocery stores. The proximity to University of California Medical Center Hillcrest and Scripps Mercy Hospital makes it particularly attractive for medical-related businesses. Schools and parks, including Balboa Park and the San Diego Zoo, are also within a short distance. The property is situated on 4th Avenue between Washington and University Avenues, two major thoroughfares in Hillcrest. Three existing restaurant tenants are currently operating within the building.

    Property Features for 3940 4Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF

    Building Details

    Year Built
    1992

    Unit(s) available at that property

    Space
    Suite 110
    Size
    3,440 SF
    Space
    Suite 200
    Size
    5,584 SF
    Space
    Suite 201
    Size
    5,584 SF

    HighLights

    • Freestanding office and retail building in Hillcrest, San Diego.
    • 22,000 square foot building with 14,608 square feet currently vacant.
    • Built in 1992.
    • Suitable for retail, restaurant, office, and medical uses; spaces available from 3,440 to 5,584 square feet.
    • Ample reserved on‑site parking.
    • Elevator access to all floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Full Circle Fitness ... Personal Trainer Adam Zweig Internist Waxing by Isabel Waxing Hair Removal Service Martini's Bar Christopher Holt Internist

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.16164293
    Latitude
    32.74917334

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    FAQs

    What type of property is this?
    Restaurant - Prime Hillcrest location, multiple suites available
    Where is this restaurant located?
    The property is located at 3940 4Th Ave San Diego, CA.
    What are key features of this property?
    This property features: Freestanding office and retail building in Hillcrest, San Diego.; 22,000 square foot building with 14,608 square feet currently vacant.; Built in 1992.
    Request Owner's contact information
    3940 4Th Ave San Diego, CA 92103
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    San Diego, CA 92103
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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
    3940 4Th Ave San Diego, CA 92103
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