Value-Add Former Mortuary | Broad Zoning 5050 Federal Blvd 8,091 SF Vacant Office Building Online Auction Sale San Diego, CA 92102

Anderson-Ragsdale Mortuary, situated at 5050 Federal Boulevard, is a premier property for buyers seeking their next creative investment.

This distinguished building, built in 1977 and renovated in 2019, offers a generous 8,091 square feet on a single level, presenting ample space and versatility. The site, set on 0.58 acres, features convenient parking for 20 vehicles, complemented by a straightforward façade with high-visibility frontage and outstanding signage opportunities on Federal Boulevard. Inside, guests are welcomed by a contemporary reception area with comfortable seating. The flexible layout boasts multiple viewing rooms, private offices, attractive gathering spaces, and a spacious full basement ideal for storage solutions. With its desirable CC-2-3 zoning, this property unlocks potential for numerous community-serving commercial ventures, retail operations, and limited industrial endeavors of moderate intensity and small to medium scale within San Diego. Investors will appreciate the freedom to tailor the property to suit their vision within these established parameters. Currently occupied by Anderson-Ragsdale Mortuary, the property may transfer vacant unless the business finds a buyer before the auction’s close. Should the business sell and the tenant remain, the tenant will sign a new lease with the buyers if they wish to continue with this property as its current use.

Oak Park commands a prime position in east-central San Diego, strategically situated just off Highway 94 and close to the 805, with downtown just a quick 10-minute drive away. Residents enjoy seamless access to major areas like Mission Valley and Kearny Mesa, opening doors to outstanding employment prospects. The property is surrounded by an impressive range of amenities, featuring local favorites and respected national brands alike. Just a few minutes away, there is Joehns Coffee, FedEx Ship Center, Popeyes, and AutoZone, ensuring convenience at every turn.

San Diego represents a robust market for investment. Prominent employers in the region include the Naval Base, University of California San Diego, Sharp HealthCare, Qualcomm, and Kaiser Permanente. Additionally, the tourism sector plays a significant role in the local economy, generating over $22 billion in revenue during the 2024 fiscal year. San Diego’s appeal to investors is bolstered by its diverse and steadily growing economy, which benefits from a strong presence in technology, healthcare, education, defense, and tourism.

Property tours are available by appointment only. Please contact the listing broker to schedule.