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Property profile & analytics
FOR SALE
Turn key restaurants

500-502 4Th Ave San Diego, CA 92101

13,000 SF 0.24 ac lot Built 1930
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US09-6553154
Property summary
AI-generated overview

This exceptional 13,000 square foot hospitality property, located at 500 Fourth Avenue in San Diego's vibrant Gaslamp Quarter, presents a unique owner-user opportunity. The building, previously operating as a nightclub and restaurant, boasts two units and sits on an 11,000 square foot lot. Renovated in 2010, the property is ideally situated in a prime corner location within this renowned entertainment district. Its versatile layout makes it suitable for a variety of hospitality or retail uses. The building offers significant potential for an investor seeking a strong return or an owner-operator looking to establish a thriving business in a high-traffic area. Seller financing is available, making this an even more attractive investment proposition. The property is categorized as both hospitality and retail, offering flexibility for diverse business models. This is a rare chance to acquire a substantial commercial property in one of San Diego's most sought-after locations. Further details, including pricing, are available upon request. The property is located in San Diego County, California, zip code 92101.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Total area 13,000 SF
Lot 0.24 ac (10,356 SF)
Zoning code INDUSTRIAL (M ZONE)
APN 535-081-14-00
UPID US09-6553154
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Banzai LLC
Banzai LLC
since 2026
Last sale
$4.2M
7 recorded transactions
2026
$4.2M
2021
Price N/A
2020
Price N/A
2018
Price N/A
2012
Price N/A
1999
$2.9M
1997
Price N/A
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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