Listed By:
Jeff Kane with Coldwell Banker West; JeffKaneRE@gmail.com
Address
Not Disclosed, Solana Beach, CA
Price
$ 10,250,000
Property Attributes
  • MLS#NDP2305147
  • TypeCommercial
  • CountySAN DIEGO
  • CitySolana Beach
  • AreaSolana Beach
  • Zip92075
  • StyleMixedUse
  • Price$ 10,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10382
Data Source:
California Regional MLS (CRMLS)
Property Description

AVAILABLE FOR THE FIRST TIME IN 50 YEARS! Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. Property is 100% occupied with 2 well established tenants that have 2 years remaining plus One 5-Year option. Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros. The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures. Combine the two units (10,380 SF) seamlessly to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far. Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this property promises to be a gateway to unparalleled business success and prosperity.

Price History
7/6/2023 Listed $10,750,000
12/1/2023 5% - $10,250,000

General Features

Zoning Industrial (M-zone)
HOA 0.0
Year Built 1970
Property SubType MixedUse
County San Diego
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions From I-5 Freeway,take Lomas Santa Fe Dr exit heading west. Left turn on Cedros Ave.
City Solana Beach
View Y/N No
Senior Community Y/N No
Total Units 2
MLS Area 92075 - Solana Beach
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 2
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Trash Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2305147
Days on Market 176
Standard Status Active
Year Built Source SeeRemarks
Property Sub Type Additional MixedUse
Cap Rate 3.38
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Entry Level 1
Electric On Property Y/N No

Exterior Features

Lot Features Level,NearPublicTransit,RectangularLot
Water Source Public
Total Parking 0.0
Lot Size Area 17028.0
Number of Buildings 2
Spa No
Building Area Total 10382.0
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 92075

Price
AVG $10.25M
$10.25M
Visits
AVG 234
233
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1970
Walkscore
AVG 84
85
Data Provided by Walkscore® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.