1858 Newton AVE Pending

San Diego,CA 92113

$ 5750000

- Bed

0 Bath

23730 SqFt


Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 23,730 sqft

Price per Sqft $242

MLS Listing ID 24418749

HOA Y/N No

Lot Size 0.640 Acres

Property Description

One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.

Location

State CA

County San Diego

Area 92113 - Logan Heights

Zoning BLPD-REDEV

Interior

Fireplace No

Exterior

Total Parking Spaces 35

Building

Story 2

Others

Tax ID 5382402500

Special Listing Condition Standard

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