3242-3246 Adams Avenue San Diego, CA 92116
UPDATED:
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719900
/mo

1 Bed

50 Baths

-1 SqFt

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Key Details

Property Type: Commercial-Off/Rtl/Ind

Lot Size: 1,767 Sqft

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 190004667

Type of Financing: Cash,Cash to New Loan

Property Description

Fully leased two unit retail/office building on trendy Adams Avenue in Normal Heights. Adams Ave is a village area in San Diego with coffee shops, Breweries, Bars & classy restaurants. A new high-end three story mixed use building is almost finished across Bancroft Street on Adams. Subject building was completely remodeled to perfection in 2014. Beautiful redwood wanes coating, glass office windows, 10 foot open beam ceilings. Two new air conditioner / heater units on the roof. New roof in 2014. Great landscaping. Tenants pay all utilities and maintenance. Owner pays for major repairs & property taxes. 3242 is on a five year lease expiring in April of 2022. 3246 is on a three year lease expiring in June of 2020. Both tenants would love to stay and extend their lease. There is no off street parking Both leases have built in cost of living increases each year. So far the increases have been about 2%

Location

State: CA

County: San Diego

Rooms

Half Baths: 100

Interior

Cooling: Central Forced Air Elec,Central Forced Air Gas

Flooring: Wood

Air Conditioning: Central Forced Air Elec,Central Forced Air Gas

Exterior

Garage: Metered

Roof Type: Tar & Gravel

Schools

Elementary Schools: Adams Elementary School

Middle Schools: Wilson Middle School

High Schools: Hoover High School

School District: San Diego City Unified School District

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Listing Provided By David Lewallen (CA BRE #01344649) of Urbana Realty

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    Glen Henderson Big Block Realty, Inc
    Glen Henderson

    Broker Associate CA BRE # 01384181

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