Kaiwa Auto Repair

1,225 SF | Retail Building | San Diego, CA 92115 | $985,000 ($804/SF) | 4.99% Cap Rate

Asking Price $985,000

Property Type: Retail
Square Feet: 1,225 SF
Price / Square Foot: $804

Listing Contacts

Chris Warren

Verified Profile

Property Info

Property Overview

Currently this 6,413 square foot lot with A 1,225 square foot structure Is being used as an auto body repair shop. The Current Rent Is $4,100 Per Month But This Site Can Be Developed For Multi Family Use As It Is Part Of The New Community Overlay Area. The Project Site Is Within The Cupd-Cu-2-3 Zone And Allows For Commercial And/Or Personal Vehicle Repair And Maintenance Business. Therefore, The Current Use May Remain As An repair Shop For Future Use. However, In Addition To The Existing Use, This Parcel May Be More Advantageous To A Developer For Several Reasons. This Property Allows For Multi Family Housing, In Addition To An Auto Body Shop, And Has A Max Allowable Density Of 1 Unit Per 600 Sqft Of Lot Area. This Would Allow You To Build Up To 11 units with no affordable and add 2 ADUs. Also For A More Aggressive Developer Or Investor, This Property Is Within The Complete Community Overlay, Which Is An Ordinance Past Last Year Do To The Housing Shortage. You can do 2 Affordable units get a density bonus of 50% and develop up to 17 units. You can also do Mico-Units, provide 2 Affordable units get a density bonus of 100% and develop 22 units.
This is a developers dream to have all of these options you can do on this parcel!!!

Property Details

Class: C
Year Built: 1948
Stories: 1
Property Subtype: Vehicle Related
Lot Size (sq. ft): 6,098 SF

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