46-48 Broadway Chula Vista, CA
$1,499,000
46-48 Broadway Chula Vista, CA 91010
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About this listing
Drive Through Retail with variety of retail use including Automotive, Restaurant, Dental Office, Dry Cleaners 4.4% Cap rate under the sales price and its new property tax rate with in-place low current rent Current tenant lease ending in 10/31/2027 at with options left at market rent price at the renewal period (Current market rent price is significantly higher than in-place rent) Current tenant showed possible interest in vacating early Open floorplan interior with extra high ceilings Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027 C-3 Zoning per Chula Vista for Redevelopment plan Close Proximity to San Diego International Airport (11 Miles)
C-3 ZONING ACORDING TO CHULA VISTA URBAN CORE SPECIFIC PLAN LAND USE MATRIX PERMITS USE OF THIS LAND FOR :
COMMERCIAL SERVICES SUCH AS AUTOMOTIVE REPAIR, BICYCLE REPAIR, COIN OPERATED LAUNDRY, DRY CLEANERS, ELECTRONICS REPAIRS, FUNERAL PARLORS/MORTUARIES, GENERAL CONTRACTING, HVAC SERVICES, PET GROOMING,GALLERIES, PRESCRIPTION PHARMACY, RETAILS SALES, PARKING STRUCTURES/LOTS PUBLIC AND COMMERCIAL WITH CUP, RESTAURANTS WITH SALE OF ALCOHOLIC BEVERAGES, DRIVE -THROUGH RESTAURANTS AND MANY PERMITTED USE
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Cap Rate
4.4%
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NOI
$66,012
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Building Size
5,316 sqft
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Lot Area
0.31 acres
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Year Built
1938
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Zoning
C-3
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Floors
1
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Parking Spots
8
DESCRIPTION
- • Tax Roll Number: 565-040-16
- • Available Floors: 1
- • Average Floor Size: 5316.0
- • Average Occupancy Rate: 100.0
- • Gross Income: $ 90000.0
- • Ground Level: true
- • Max Contiguous Area: 5316.0
- • Age: Over 50 Years Old
- • Lot Size: 2-5 Acres
- • Sewer: City
- • Water: City Water
