One of the most unique properties in all of San Diego’s famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Property Details
Price:
$5,750,000
MLS #:
24418749
Status:
Active
Baths:
0
Address:
1858 Newton Avenue
Type:
Commercial
Neighborhood:
92113loganheights
City:
San Diego
Listed Date:
Jul 23, 2024
State:
CA
ZIP:
92113
Schools
Interior
Exterior
Parking Spots
35.00
Stories Total
2
Financial
Map
Contact Us
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1858 Newton Avenue
San Diego, CA
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