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1858 Cable St
San Diego, CA 92107
Rare Coastal User or Development Opportunity · Retail Property For Sale
Investment Highlights
- Excellent Visibility and Identity
- High Traffic Counts and Strong Demographics
- Hard Corner Former Bank Building with Prominent Signage
- Two (2) blocks from the Ocean Beach Pier
Executive Summary
Rare Coastal User or Development Opportunity
This irreplaceable coastal corner sits just two blocks from the iconic Ocean Beach Pier and steps from Newport Avenue’s primary retail corridor, placing it in the heart of one of San Diego’s most supply-constrained coastal submarkets. The property offers exceptional scale and visibility, allowing for a variety of high-value uses including multifamily, mixed-use, condominiums, townhomes, or repositioned retail. An existing ±5,664-square-foot building provides immediate usability with significant long-term redevelopment upside. With limited available land, affluent demographics, and strong surrounding national and local tenancy, the asset is well positioned for sustained value appreciation. It is offered at an attractive price per land square foot compared to recent coastal comparable transactions.
This irreplaceable coastal corner sits just two blocks from the iconic Ocean Beach Pier and steps from Newport Avenue’s primary retail corridor, placing it in the heart of one of San Diego’s most supply-constrained coastal submarkets. The property offers exceptional scale and visibility, allowing for a variety of high-value uses including multifamily, mixed-use, condominiums, townhomes, or repositioned retail. An existing ±5,664-square-foot building provides immediate usability with significant long-term redevelopment upside. With limited available land, affluent demographics, and strong surrounding national and local tenancy, the asset is well positioned for sustained value appreciation. It is offered at an attractive price per land square foot compared to recent coastal comparable transactions.
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bank
Building Size
5,664 SF
Building Class
C
Year Built
1964
Price
$6,750,000
Price Per SF
$1,191.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.64 AC
Zoning
CC 4-2 - Development with high intensity, strip commercial characteristics and permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot
Parking
33 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $212,240 | |
| Land Assessment | $5,465,220 | Total Assessment | $5,677,460 |
Property Taxes
Parcel Numbers
Land Assessment
$5,465,220
Improvements Assessment
$212,240
Total Assessment
$5,677,460
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