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Investment Highlights

  • High traffic volume corner location on Market Street
  • Fenceable freestanding location
  • Abundant off-street parking

Executive Summary

Property is for sale primarily in conjunction with the sale of adjacent parcels as a part of a portfolio sale under separate but related ownership. Owner is willing to entertain and review all offers whether part of the portfolio sale or as a standalone owner/user or investment value add play.
Current property and it's existing use is a vacant restaurant / retail location which was a former Salazar's Restaurant. The restaurant is approximately 2,200 SF (to be verified) on a 12,870 SF parcel with it's own parking lot(APN:535-162-07). More specifics regarding the restaurant space and build-out can be shared upon inquiry.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,200 SF
Building Class
C
Year Built
1973
Price
$3,500,000
Price Per SF
$1,590.91
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.31 AC
Zoning
C - Zone - CCPD-RE General Plan Land Use Designation - Multiple Use Community Plan Land Use Designation - Residential Emphasis
Parking
27 Spaces (12.27 Spaces per 1,000 SF Leased)
Frontage
66’ on Market St

Amenities

  • Signage
Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100

Nearby Major Retailers

9Round
Starbucks
Albertsons
Grocery Outlet
Albertsons
Pure Barre
California Coast Credit Union
Bank of America
U.S. Bank
Cross Fit

Property Taxes

Property Taxes

Parcel Number
535-162-07
Land Assessment
$4,778,880
Improvements Assessment
$0
Total Assessment
$4,778,880
  • Listing ID: 38388622

  • Date on Market: 11/9/2025

  • Last Updated:

  • Address: 1502 Market St, San Diego, CA 92101

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