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    1255 University Ave San Diego, CA 92103

    Sponsored
    For Lease
    $3 SF/Yr ($3,246 /Mo)

    San Diego Retail Opportunity: 1,868 SF Available

    Lot size:
    10,822 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail or restaurant space, located at 1255 University Avenue in San Diego, California, presents a fantastic opportunity for a discerning business. The property boasts a total building size of 10,822 square feet, with 1,868 square feet currently available for lease. This contiguous space is ideal for a variety of uses, making it a versatile option for prospective tenants. Situated in San Diego County, zip code 92103, the property enjoys a prominent location on University Avenue. The lot itself encompasses 6,970 square feet, providing ample space and visibility. The property is classified as multi-tenant commercial space, indicating a vibrant and established business environment. The available space offers significant potential for growth and success, given its size and prime location. Interested parties are encouraged to explore this exceptional opportunity to establish or expand their business in a thriving San Diego neighborhood. The property's convenient location and ample square footage make it an attractive proposition for businesses seeking a high-traffic area with excellent visibility. This is a rare chance to secure a well-positioned commercial space in a dynamic and desirable location. The property's characteristics make it suitable for a range of retail or restaurant concepts.

    Property Features for 1255 University Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,822 SF
    Total Rate
    3246.6

    Unit(s) available at that property

    Space
    Suite1253-B
    Size
    1,868 SF
    Rate per SF
    $3

    HighLights

    • 1,868 SF retail/restaurant space available for lease in a 10,822 SF building.
    • Rare patio space included.
    • Located in the heart of Hillcrest, San Diego.
    • 65' of frontage on University Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    R & R Industries Manufacturer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    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
    -117.152222
    Latitude
    32.7481562

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    FAQs

    What type of property is this?
    Restaurant - San Diego Retail Opportunity: 1,868 SF Available
    Where is this restaurant located?
    The property is located at 1255 University Ave San Diego, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 1,868 SF retail/restaurant space available for lease in a 10,822 SF building.; Rare patio space included.; Located in the heart of Hillcrest, San Diego.
    Request Owner's contact information
    1255 University 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
    1255 University Ave San Diego, CA 92103
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