Property profile

690 1St Ave San Diego, CA 92101

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional ±1,372 square foot ground floor restaurant space in San Diego, CA, presents a unique opportunity for a quick-service restaurant or café. Located at 690 First Ave., 92101, this single-tenancy property boasts significant advantages. The space includes a grease interceptor and existing food service improvements, simplifying the setup for a new operator. A rare and expansive off-sidewalk patio area provides additional seating and ambiance. The property benefits from a high-traffic location directly across the street from Ralph's, a major grocery store, ensuring high visibility and foot traffic. Its proximity to Campus at Horton, a development bringing over 4,000 jobs to the area, further enhances its appeal. Strong co-tenancy includes Mellow Massage, Wells Fargo, SD Discount Nutrition, and Postal Annex. The location is also within a few blocks of RaDD, San Diego's newest life science district, adding another 4,000+ jobs to the immediate vicinity. Enjoy the benefits of being near Seaport Village, the Gaslamp Quarter, Children's Park, and the Embarcadero, offering excellent access to a diverse customer base. This is a truly exceptional opportunity in a thriving downtown San Diego location.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Roofing Company General Contractor

Location

690 1St Ave San Diego, CA 92101
San Diego metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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