416 University Ave San Diego, CA 92103-3176

This exceptional mixed-use property at 416 University Avenue in San Diego's vibrant Hillcrest submarket presents a unique investment opportunity. The two-story, 5,992 square foot building, constructed in 1991, offers flexible space ideal for a variety of uses. Currently entirely vacant, the property boasts a first-floor retail space of 1,650 square feet, previously occupied by a cafe and breakfast restaurant. This shell space presents an excellent opportunity for a new restaurant concept. The second floor comprises 4,040 square feet of open-plan shell space, previously used for office and residential purposes, offering significant potential for conversion into modern office space or apartments. The building features eight parking spaces, a significant advantage in this desirable location. The minimum divisible space is 1,650 square feet, with a maximum contiguous space of 4,050 square feet. The property is conveniently located on University Avenue, near the intersection with Fourth Avenue, and benefits from excellent visibility and accessibility. The presence of an elevator adds to the building's functionality and appeal. This is a rare chance to acquire a well-situated, versatile property in a thriving San Diego neighborhood. The building's location in the Hillcrest submarket ensures high foot traffic and proximity to a diverse range of businesses and amenities.