1454 Garnet AveSan Diego, CA 92109

This exceptional 5,700 square foot freestanding retail building, situated on a 15,625 square foot lot at 1454 Garnet Avenue in San Diego, CA 92109, presents a unique investment opportunity. Built in 1963, this single-story structure boasts 125 feet of frontage along Garnet Avenue, Pacific Beach's vibrant main retail corridor, ensuring high visibility and foot traffic. The property features a convenient open layout, prominent street signage, and the rare amenity of onsite parking with direct Garnet Avenue access. Currently vacant, the property is zoned CC-4-2 and offers significant redevelopment potential. Entitlements are underway for a 60-unit multi-family project (50 studios and 10 one-bedroom apartments) including underground parking. This presents a buyer with the opportunity to lease the existing building for immediate income while pursuing future development. The property's prime location within a densely populated area (96,956 residents and 3,635 hotel rooms within a 3-mile radius) surrounded by restaurants, bars, shops, and boutiques, makes it an ideal owner-user opportunity or a lucrative investment for a developer. The limited availability of comparable buildings on Garnet Avenue further enhances its value and appeal. The asking price is $5,299,000. APN: 423-091-21-00.