6331 University Ave
San Diego, CA 92115
Retail Property For Sale

This property is fully Leased with a 5 year lease deal for $14,900 per month income with 3% cost of living increases and 2 x 5 year options for a dog kennel operation. The property is available for sale as an investment. The property is three levels with about 18,346 sf. About 8,500 sf of space is on the ground floor entrance level. Another 8,500 is warehouse space below. The upstairs is level to the street and fully ADA compliant. The warehouse below it, has 8’ ceilings and dock high truck access, due to an elevation drop from the front of the lot. There are 5 bathrooms in the building. Finally, a second level office of approximately 1,346 sf allows a 360 degree view of the showroom. The zoning is CC-5-3 which accommodates development with an auto orientation and permits a maximum density of one dwelling unit per 1500sf of lot area. The 28,750sf lot would thus, accommodate a 19-unit residential redevelopment, at the end of the current lease term.