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1706 5th Ave
San Diego, CA 92101
Towne Center · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Prime Uptown location near Downtown and Little Italy
- Recently renovated exterior and common areas
- Easy access to I-5, Highway 163, and San Diego International Airport
- Secure gated parking with 22 stalls
- Flexible suite sizes and lease terms available
EXECUTIVE SUMMARY
Towne Center at 1706 Fifth Avenue presents an exceptional owner/user or investor opportunity in the heart of San Diego’s vibrant Uptown district. This three-story office building offers ±14,333 square feet of functional space on a ±0.23-acre parcel, complemented by 22 secure, gated parking stalls—a rare amenity in this urban setting. Recently renovated with exterior upgrades, the property combines modern appeal with a prime location on the border of Bankers Hill and Downtown, steps from Little Italy’s renowned dining and cultural attractions.
The CC-3-4 zoning provides flexibility for a wide range of professional uses, while the building’s efficient floor plates and elevator access enhance operational convenience. With an asking price of $4,250,000 ($297/SF), this asset offers strong value compared to nearby sales, where similar properties have traded at significantly higher price points. Investors will appreciate the potential for a partial sale-leaseback and multiple income streams, while owner/users can capitalize on customizable suites and proximity to major employment hubs, Balboa Park, and San Diego International Airport.
San Diego’s dynamic economy—anchored by life sciences, technology, and tourism—combined with Uptown’s walkable neighborhoods and high demographic desirability, positions Towne Center as a strategic acquisition in one of the city’s most sought-after submarkets.
The CC-3-4 zoning provides flexibility for a wide range of professional uses, while the building’s efficient floor plates and elevator access enhance operational convenience. With an asking price of $4,250,000 ($297/SF), this asset offers strong value compared to nearby sales, where similar properties have traded at significantly higher price points. Investors will appreciate the potential for a partial sale-leaseback and multiple income streams, while owner/users can capitalize on customizable suites and proximity to major employment hubs, Balboa Park, and San Diego International Airport.
San Diego’s dynamic economy—anchored by life sciences, technology, and tourism—combined with Uptown’s walkable neighborhoods and high demographic desirability, positions Towne Center as a strategic acquisition in one of the city’s most sought-after submarkets.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,333 SF
Building Class
C
Year Built
1981
Price
$4,250,000
Price Per SF
$296.52
Percent Leased
63%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,764 SF
Building FAR
1.43
Lot Size
0.23 AC
Zoning
CC-3-4 - wide range of professional uses
Parking
18 Spaces (1.6 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Property Manager on Site
- Signage
PROPERTY TAXES
| Parcel Number | 533-302-07 | Improvements Assessment | $1,153,054 |
| Land Assessment | $896,818 | Total Assessment | $2,049,872 |
PROPERTY TAXES
Parcel Number
533-302-07
Land Assessment
$896,818
Improvements Assessment
$1,153,054
Total Assessment
$2,049,872
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