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    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
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    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
    2020
    2018
    2012
    1999
    $2.9M
    1997
    Zoning & alternative use
    INDUSTRIAL (M ZONE) · San Diego, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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