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Freestanding Retail Strip Center 1079 3rd Ave 6,754 SF 100% Leased Retail Building Chula Vista, CA 91911 $1,745,000 ($258.37/SF)



Investment Highlights
- Up to 3,880 SF Can be Made Available for Owner/User
- High Visibility Location with Strong Traffic Counts
- Adjacent parcel (1079 3rd Ave) is available & can be sold together - $2,700,000 (See portfolio sale section)
- Located on Iconic 3rd Avenue Corridor in Chula Vista
Executive Summary
Pacific Coast Commercial is proud to present this multi-tenant retail strip center, featuring two well-positioned buildings that offer a compelling opportunity for an owner-user or investor. A buyer can occupy approximately ±3,880 SF (57%) of the property while generating rental income from the existing tenants. With several tenants currently operating on short-term leases, the property also offers value-add potential through lease renewals and rental rate adjustments.
The property is zoned C-T (Thoroughfare Commercial), allowing for a wide range of uses including retail, office, restaurant, professional services, and veterinary clinics, providing strong flexibility for future occupants or investors. Located directly across from Naples Square, the site benefits from significant pedestrian and vehicle traffic, enhancing visibility and long-term demand for tenants.
PORTFOLIO SALE:
Pacific Coast Commercial is pleased to present the rare opportunity to acquire two adjacent commercial assets—1079 3rd Ave and 1085–1093 3rd Ave—available for sale individually or together as a combined portfolio offering at $2,700,000. Together, these properties provide a diverse blend of retail, mixed-use, and owner-user potential in a highly desirable coastal market directly across from Naples Square, benefiting from exceptional pedestrian and vehicle traffic.
1079 3rd Ave features a multi-tenant retail strip center with two well-positioned buildings, offering an owner-user the ability to occupy approximately ±3,880 SF (57%) while generating income from existing tenants. With several tenants on short-term leases, the property presents value-add potential through renewals and rental rate adjustments. Zoned C-T (Thoroughfare Commercial), the site supports a wide range of uses including retail, office, restaurant, professional services, and veterinary clinics.
1085–1093 3rd Ave is a stable mixed-use investment consisting of two retail units—one occupied by a national fast-food tenant in place for over 27 years—and a residential tri-plex providing diversified income. The asset currently produces an adjusted NOI of $76,194, reflecting a 6.10% cap rate, making it an attractive long-term hold.
Offered separately or together, these properties provide a compelling opportunity for investors or owner-users seeking flexibility, income stability, and future upside in a prime location.
The property is zoned C-T (Thoroughfare Commercial), allowing for a wide range of uses including retail, office, restaurant, professional services, and veterinary clinics, providing strong flexibility for future occupants or investors. Located directly across from Naples Square, the site benefits from significant pedestrian and vehicle traffic, enhancing visibility and long-term demand for tenants.
PORTFOLIO SALE:
Pacific Coast Commercial is pleased to present the rare opportunity to acquire two adjacent commercial assets—1079 3rd Ave and 1085–1093 3rd Ave—available for sale individually or together as a combined portfolio offering at $2,700,000. Together, these properties provide a diverse blend of retail, mixed-use, and owner-user potential in a highly desirable coastal market directly across from Naples Square, benefiting from exceptional pedestrian and vehicle traffic.
1079 3rd Ave features a multi-tenant retail strip center with two well-positioned buildings, offering an owner-user the ability to occupy approximately ±3,880 SF (57%) while generating income from existing tenants. With several tenants on short-term leases, the property presents value-add potential through renewals and rental rate adjustments. Zoned C-T (Thoroughfare Commercial), the site supports a wide range of uses including retail, office, restaurant, professional services, and veterinary clinics.
1085–1093 3rd Ave is a stable mixed-use investment consisting of two retail units—one occupied by a national fast-food tenant in place for over 27 years—and a residential tri-plex providing diversified income. The asset currently produces an adjusted NOI of $76,194, reflecting a 6.10% cap rate, making it an attractive long-term hold.
Offered separately or together, these properties provide a compelling opportunity for investors or owner-users seeking flexibility, income stability, and future upside in a prime location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,754 SF
Building Class
C
Year Built
1969
Price
$1,745,000
Price Per SF
$258.37
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.42 AC
Zoning
C-T - Commercial
Parking
21 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
171’ on Third Ave
Amenities
- Signage
- Tenant Controlled HVAC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Shape Up Fitness
- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Shape Up Fitness | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 619-060-15 | Improvements Assessment | $254,604 |
| Land Assessment | $164,242 | Total Assessment | $418,846 |
Property Taxes
Parcel Number
619-060-15
Land Assessment
$164,242
Improvements Assessment
$254,604
Total Assessment
$418,846
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Freestanding Retail Strip Center | 1079 3rd Ave
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