2262 Carmel Valley Rd Del Mar, CA 92014

This exceptional Class A office building in Del Mar, California, presents a unique owner-user opportunity. Located on a 0.32-acre waterfront lot at 2262 Carmel Valley Rd, 92014, this two-story, 10,056 square foot building boasts a prime location with panoramic ocean views overlooking the Los Penasquitos Lagoon. Currently 49% occupied, the ground floor is 100% leased, generating in-place income. The upper floor offers high-end improvements, including a remodeled fitness center, chef's kitchen, new hardwood floors, and updated bathrooms, ready for an owner-occupant. Recent renovations totaling approximately $700,000 have enhanced the property's appeal. The building features 17 parking spaces and benefits from excellent visibility on Carmel Valley Road, a major thoroughfare, offering exceptional signage opportunities. Its proximity to the Scripps Medical cluster, technology hubs, and affluent residential areas, combined with easy access to State Route 56 and Interstate 5, makes this a highly desirable location. The asking price is $10,005,720. Built in 1981 and renovated in 2000/24, this property offers a blend of established income and modern amenities in one of San Diego's most sought-after locations. Current in-place rents are approximately 32% below market, presenting a significant upside potential for the new owner. The low after-tax occupancy cost of approximately $1.60 per square foot per month, excluding future appreciation, makes this an attractive investment. SBA financing options are available.