637 3rd Ave, Chula Vista, CA 91910-5707

This exceptional 31,923-square-foot executive office building in Chula Vista, California, presents a compelling owner-user and investor opportunity. Located at 637 3rd Avenue, this two-story, 1989-built property sits on a 0.82-acre lot and boasts 11 office suites ranging from 937 to 2,472 square feet—ideal for the Chula Vista market. The building currently has 51% occupancy and offers a strong potential for increased rental income due to upcoming lease rollovers. Its prime location near downtown Chula Vista, Scripps & Sharp hospitals, and with easy access to the 5 and 805 freeways, ensures high visibility and tenant demand. The property's parking ratio is 4.25 spaces per 1,000 square feet. The asking price is $5,400,000, translating to $169.16 per square foot. This property is situated in a rapidly revitalizing area, poised to benefit significantly from the upcoming Bayfront project. The building's size and suite configurations make it an attractive option for both owner-users seeking to establish a significant presence and investors looking for a value-add opportunity with potential for substantial returns. The potential for 51% owner-user occupancy by the end of 2024 may qualify a buyer for an SBA loan. This is a rare chance to acquire a well-positioned asset in a thriving Southern California market.