RESTAURANTS FOR SALE IN HEART OF HILLCREST

The Franco Realty Group is proud to exclusively present for sale, the two parcels of land located at 1225-37 University Avenue San Diego, CA 92103. This Hillcrest property currently has two onsite restaurants that the Seller occupies, one of which is a popular Drive-Thru location (one of only a few Drive-Thrus in this neighborhood!) and the free-standing cafe next door. This is a rare owner-user, investor, or development opportunity in the heart of Hillcrest. Preliminary findings show the ability to build 36 residential units plus commercial spaces on the ground floor. The Sellers would consider doing a sale lease back during the permit process.

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Investment Features

Purchase Price includes a Type 41 & 77 ABC License & all Furniture, Fixtures and
Equipment

This Property Consists of Two Parcels with a Combined Lot Size of ~ 14,008 SF ($356.9/Land SF)

This Property Consists of One ~2,200 SF Drive Thru Mexican Restaurant & One ~1,550 SF Café

The Seller Owns the Two Businesses and Would Consider a Temporary Sale-leaseback

Potential to Build over 35 Residential Units Plus Commercial Spaces on the Ground Floor

Excellent Owner-User Opportunity for Restaurant Users looking to Own Versus Lease

Rare Drive Thru Location Along Busy University Avenue!

Centrally Located to Downtown San Diego, North Park, Balboa Park and the 163 Highway

Surrounded by Ethnically Diverse Restaurants, Clubs and Wine Bars

Strong Traffic Counts of ~ 19,980 Cars Per Day Along University Avenue

Parcel Details: 452-151-05-00 7,004 SF452-151-06-00 7,004 SF

ZONING: CC-3-8

* INQUIRE FOR A FEASIBILITY STUDY*

Click here to watch a video of the property!

DO NOT DISTURB THE EMPLOYEES