PRIME PACIFIC BEACH MIXED-USE RETAIL & RESIDENCE
Franco Realty Group is proud to exclusively present for sale the fee-simple ownership opportunity located at 1146-48 Garnet Avenue. This Mixed-Use property includes three detached buildings which are made up of two retail units facing Garnet Avenue and one turn-key, newly remodeled 4-Bedroom, 3- Bath tri-level luxury residence. With over $350,000 invested into the remodel of the residence, the home is ideal for a family or as a vacation rental unit. The detached home boasts hardwood floor throughout, beautiful kitchen and re- strooms, and multiple outdoor spaces including a rooftop patio accessible from a stylish spiral staircase and balcony off the master suite. As for the two commercial units, one unit is leased to a sandwich shop called Calozzi’s Cheesesteaks and the other unit has potential for new retail or office.
+/- 3194 Square Foot Building Size and +/- 3123 Square Foot Lot Size
3 Detached Buildings on 1 Lot Including 2 Commercial Units & 1 Residential
1 Sandwich Shop, 1 Vacant Commercial Unit & 1 Vacation Rental Unit
Newly Remodeled, Beautiful Turn-Key 4Bed/3Bath Residential Building
Over $350,000 Spent on Remodeling the Residential Unit, Turn Key Unit!
Strong Cash Flow with Over $177,214 in Gross Income
Existing Lease in place for Calozzi’s Cheesesteak
Strong Traffic Counts of 22,600+ Cars Per Day (Sandag)
PLEASE DO NOT DISTURB THE TENANTS OR THEIR EMPLOYEES
Located in the heart of Pacific Beach, Garnet Avenue attracts tourists and locals year-round. Pacific Beach is a highly sought after coastal neighborhood within San Diego, dotted with casual bars and cafes, trendy hotel restaurants along the Boardwalk, yoga studios and clothing boutiques. Over 1,000 businesses call Pacific Beach home, with those numbers increasing. Previously favored by college aged sun-bathers, surfers and bar-hoppers, rising property values and rental costs have gradually increased the area’s affluence. Locals and Tourists alike fall in love with Pacific Beach for its easy-going atmosphere, walk ability and sunny outdoor access of all types.