2250 4Th Ave San Diego, CA 92101
- Office buildings
- 27,537 SF
- 0.23 lot acres
Current Use by Public Records
- Mehdi Davachi, Keller Williams San Diego Metro / Real Estate Agent
- The Taylor Team / Real Estate Agency
- Caitlin Thill - San Diego Realtor / Real Estate Agent
- The FotoBox / Wedding Photographer / Event Planner
- Manalastas Group / Real Estate Agency
Property Details for 2250 4Th Ave
- Year built
- 1986
- Lot size
- 0.23 lot acres
- Property size
- 27,537 SF
- Zone code
- COMMERCIAL
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,895,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,035,000
- 6.5%
- $1,805,000
- 7%
- $1,865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,730,000
- Geo Method
- $2,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,930,000
- Retail
- $1,845,000
- Mixed-Use
- $2,020,000
- Hospitality
- $2,025,000
- Educational
- $1,695,000
- Residential Income
- $2,015,000
- Energy
- $1,840,000
- Income-Based Land
- $2,060,000
- Food Service
- $2,155,000
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.161
- Latitude
- 32.729
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
