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933 5th Ave
San Diego, CA 92101
The Dalton Collection Conversion · Retail Property For Sale
·
16,566 SF Total
Investment Highlights
- Historic 1911 structure with approved adaptive reuse plans
- Significant tax savings through Mills Act and historic credits.
- Construction-ready with permits and design in place.
- Located in the heart of San Diego’s Gaslamp Quarter.
- Plans include boutique hotel, restaurant, and speakeasy.
- Surrounded by top dining, nightlife, and entertainment venues.
Executive Summary
The Dalton presents a rare investment opportunity in the heart of San Diego’s Gaslamp Quarter. This 16,566 SF historic property, originally built in 1911, is construction-ready with permits in hand for adaptive reuse. Positioned on Fifth Avenue, the building offers exceptional visibility and proximity to premier dining, nightlife, and cultural attractions. Approved plans envision a boutique hospitality concept featuring six townhome-style short-term rental units, a ground-floor restaurant with patio dining, and a basement speakeasy. The property benefits from significant tax incentives, including Mills Act savings and up to $2 million in historic tax credits, reducing the net acquisition cost. With strong tourism demand, year-round pedestrian traffic, and flexible design potential, The Dalton is ideally suited for investors seeking a high-margin hospitality or mixed-use asset in one of San Diego’s most vibrant districts.
Property Facts
| Price / SF | $422.55 / SF | Number of Properties | 2 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 16,566 SF |
| Status | Active | Total Land Area | 0.12 AC |
| Price / SF | $422.55 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,566 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Dalton
939 5th Ave, San Diego, CA 92101 |
Retail | 10,366 SF | 1911 | - |
|
The Dalton
933 5th Ave, San Diego, CA 92101 |
Retail | 6,200 SF | 1877 | - |
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