106 Freeman StOceanside, CA 92054

Property Details for 106 Freeman St

Year built

1955

Lot size

0.12 AC

Property size (Sq ft)

1,625 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

147-282-11-00

APU

1472821100

Description

This exceptional mixed-use property, located at 106-108 S Freeman Street in Oceanside, California (92054), presents a unique investment opportunity. Boasting 1,625 square feet on a 5,149 square foot lot (APN 147-282-11), this commercially zoned (Commercial Professional) building offers versatile space ideal for retail, office, or a combination thereof. The asking price is $1,080,000, translating to $664.62 per square foot. Situated just one block from the bustling South Coast Highway, this location provides excellent visibility and signage opportunities. Dedicated parking is available. The property's multiple suite configuration allows for flexibility, accommodating owner-occupancy with expansion or reduction options. Benefit from the area's thriving growth, with over 1,250 new residential units and hotel rooms within a quarter-mile radius. Enjoy proximity to popular establishments such as Blade 1936, Breakwater Brewing, Camp Coffee, and Masters Kitchen. Furthermore, the property's location is three blocks from the Oceanside Transit Center, a site slated for significant redevelopment adding over 750 new residential units. The anticipated occupancy date is March 6, 2024. This property offers a compelling blend of location, versatility, and growth potential in a highly desirable Oceanside location.

• CAP approach

  CAP return

  Valuation

  6%

  $500,720

  6.5%

  $462,204

  7%

  $429,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,750

  Geo Method

  $1,441,317

• Alternative Use

  Use

  Valuation

  Residential

  $389,886

  Hospitality

  $357,133

  Educational

  $297,131

  Medical

  $307,350

  Retail

  $462,204

Location Insight

City

Oceanside

County

San Diego

State

California

Latitude

33.1954

Longitude

-117.378

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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