118 Cedros Ave Solana Beach, CA 92075-2082
- Manufacturing properties
- 0.39 lot acres
Current Use by Public Records
- Snyder Diamond / Hardware Store / Appliance Store
- Aran Cucine / Appliance Store / Cabinet Maker
- Aranelli Design / Kitchen Remodeler
- Carruth Cellars Urban Winery & Tasting Room / Wine Cellar / Wine Store
- Normax Cabinet Shop / Cabinet Maker
Property Details for 118 Cedros Ave
- Lot size
- 0.39 lot acres
- Zone code
- INDUSTRIAL (M ZONE)
- Property type
- Manufacturing properties
- APN
- 298-073-42-00
- APU
- 2980734200
Description
This exceptional Solana Beach investment opportunity presents a rare chance to acquire a 10,382 square foot retail property located on Cedros Avenue in the highly sought-after Cedros Design District. The property, available for the first time in 50 years, boasts a strong 4.49% cap rate and a substantial net operating income (NOI) of $404,064. Currently 100% occupied by two well-established tenants with remaining leases of two years plus a five-year option, this offering ensures immediate cash flow and long-term stability. Situated just 30 feet from the intersection of Lomas Santa Fe Drive and Cedros Avenue, the property benefits from high visibility and significant daily traffic (17,662 cars). The two separate units (4,790 sq ft and 5,592 sq ft) offer flexibility for a variety of commercial uses, or can be combined for a larger space. The property's proximity to the Belly Up Music Venue further enhances its appeal and potential for success. This is a unique chance to own a substantial retail presence in a vibrant, high-demand location with a proven track record. The asking price is $8,995,000. This property is zoned for commercial use and is located in San Diego County, California, zip code 92075.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $340,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $320,000
- Mixed-Use
- $310,000
- Hospitality
- $300,000
- Educational
- $330,000
- Residential Income
- $305,000
- Energy
- $290,000
- Income-Based Land
- $310,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Solana Beach
- County
- San Diego
- State
- California
- Longitude
- -117.27
- Latitude
- 32.9916
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
