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