1858 Newton Avenue

San Diego , CA 92113

MLS#: 24418749

$5,750,000

Status: Closed
Listing number: 24418749
Listing provided by: REMAX COMMERCIAL & INVESTMENT REALTY
Listing agent phone: None
Last update: 10 months ago
On site: 1 year, 5 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.64

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $5,750,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Listing Courtesy of Jacob Plewa , REMAX COMMERCIAL & INVESTMENT REALTY

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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.

1858 Newton Avenue

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