Listing provided courtesy of Jim Jollett of James Jollett Realty. Last updated 2025-03-13 09:26:34.000000. Listing information © 2024 SANDICOR.
Asking Price: $1,600,000
5053-61 Churchward Street, San Diego CA 92113
Community: Metro Central
This Commercial-Off/Rtl/Ind property was built in 0 and is priced at $1,600,000. Please see the additional details below.
First time offered in 50 years. Two story high visibility building that is fully rented with solid long term tenants including neighborhood market downstairs along with upstairs independent living facility. Wide range of exciting development opportunities due to very friendly multi-use zoning of CN-1-3 which allows for a myriad of commercial/residential ventures including up to FIVE residential units above/behind existing retail store. Located in the Transit Priority Area, Sustainable Development Area, Business Improvement District and Complete Communities Housing Solutions Area which increases the potential FAR from 1 to 6.5! Parcel being 60ft wide and nearly 9,000 sf. in total allows for complete build out. Also located in Opportunity Zone which may have favorable tax consequences. Tenants pay all utility bills and 65% of property tax. Sweeping southwesterly views from upstairs decking and balcony. Total gross monthly income $7,343.
