2250 4Th AveSan Diego, CA 92101

Property Details for 2250 4Th Ave

Year built

1986

Lot size

0.23 AC

Property size (Sq ft)

27,537 SF

Zone code

COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

533-196-14-00

APU

5331961400

Description

This exceptional three-story, 29,000 square foot office building, situated at 2250 Fourth Avenue in San Diego's Bankers Hill neighborhood, presents a compelling investment opportunity. Built in 1986, the property boasts a desirable CC-3-4 City of San Diego zoning, allowing for a wide range of uses including office, medical, commercial, retail, and even residential redevelopment or mixed-use projects. The building features fully improved office or medical space on three levels above ground, a fully improved and elevator-served basement, and two levels of secure underground parking accommodating 56 vehicles (a 2:1,000 sq ft ratio). Multiple third-floor balconies offer stunning views, and operable windows are featured on all floors. The building benefits from excellent signage opportunities and substantial power capacity (3,000 amps+). Located at the corner of Fourth Avenue and Juniper Street, this property enjoys a prime location just two blocks west of Balboa Park and within walking distance of restaurants, bars, and new residential developments. Its convenient proximity to Downtown San Diego, Little Italy, and San Diego International Airport further enhances its appeal. This property is ideal for an owner-user seeking prominent signage and ample secure parking for employees, or for an investor looking to occupy a portion while leasing the remainder for additional income. The asking price is $7,750,000, translating to $265 per square foot. The 10,040 square foot lot includes the building and parking. The APN is 533-196-14-00.

• CAP approach

  CAP return

  Valuation

  6%

  $5,772,199

  6.5%

  $5,328,184

  7%

  $4,947,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,456,692

  Geo Method

  $9,692,198

• Alternative Use

  Use

  Valuation

  Residential

  $6,606,948

  Hospitality

  $6,051,928

  Educational

  $5,035,134

  Medical

  $5,208,300

  Retail

  $7,832,430

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.729

Longitude

-117.161

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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