303 Santa Fe DrEncinitas, CA 92024

Property Details for 303 Santa Fe Dr

Year built

2010

Lot size

0.18 AC

Property size (Sq ft)

2,680 SF

Zone code

COMMERCIAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

260-072-35-00

APU

2600723500

Description

This exceptional 2,680 square foot medical office building, located at 303 Santa Fe Drive in Encinitas, California, presents a unique owner-user opportunity. Situated in a premium, high-traffic location adjacent to Scripps Encinitas Hospital and Medical Campus (currently undergoing a $263,000,000 expansion), this property offers unparalleled visibility and accessibility. The building boasts a Feng-Shui inspired design and high-quality, tech-rich construction. The efficient floor plan features a well-organized layout with main reception areas strategically positioned. Ample parking is provided with 14+ spaces. The building is equipped with a commercial-grade backup generator ensuring uninterrupted operations. Furthermore, a seller-owned rooftop solar system contributes to energy efficiency and cost savings. This turnkey operation is available for full owner-user occupancy on June 1st, 2025, offering a golden long-term investment opportunity in a location that is virtually impossible to replicate. The scarcity of comparable medical office space in this area underscores the exceptional value of this property. Multiple use possibilities exist, making this a versatile and highly desirable asset. The building's dynamic exposure and prime location make it an ideal investment for discerning buyers seeking a high-return, long-term opportunity in the thriving Encinitas medical market. The asking price is $4,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $561,771

  6.5%

  $518,558

  7%

  $481,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $433,741

  Geo Method

  $943,280

• Alternative Use

  Use

  Valuation

  Residential

  $643,012

  Hospitality

  $588,996

  Educational

  $490,037

  Medical

  $506,890

  Retail

  $762,280

Location Insight

City

Encinitas

County

San Diego

State

California

Latitude

33.036

Longitude

-117.285

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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