1000 Prospect St, Unit 2 La Jolla, CA 92037-4146
- Retail space
- 3,752 SF
- 0.08 lot acres
Current Use by Public Records
- Retail space
Property Details for 1000 Prospect St
- Year built
- 1975
- Lot size
- 0.08 lot acres
- Property size
- 3,752 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 350-032-20-00
- APU
- 3500322000
Description
This exceptional restaurant space is situated on Prospect Street in the heart of Downtown La Jolla, renowned as "Restaurant Row." The property boasts a highly desirable location within one of San Diego's most affluent communities, benefiting from strong daytime demographics, a wealthy residential base, and a constant influx of tourists throughout the year. This is a truly turnkey opportunity, offering a fully equipped and operational space ready for immediate occupancy. A new direct lease can be negotiated for a credit-worthy tenant. The high-traffic location provides excellent visibility, enhanced by a signature storefront with prime signage opportunities. Its convenient proximity to the beach walking path further increases foot traffic and visibility. This is a rare chance to acquire a fully operational restaurant in a premier location, minimizing start-up costs and maximizing immediate revenue potential. The property is a single-tenant space in San Diego County, offering a seamless transition for a new operator. This is an exceptional opportunity for a discerning restaurateur seeking a prime location with established infrastructure.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,510,000
- 6.5%
- $1,395,000
- 7%
- $1,295,000
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Location Insight
- Map
- Local Demand
- City
- La Jolla
- County
- San Diego
- State
- California
- Longitude
- -117.275
- Latitude
- 32.8476
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
