±9,930 SF Iconic Mortuary in Heavy Populated/High-Commerce San Diego Opp Zone
$3,300,000
5050 Federal Boulevard, San Diego, CA 92102
9,930 sqft
Building Size
0.58 acres
Lot Area
Details:
Highlights:
- Owner-Occupy, Investment, or Repurpose
- Opportunity Zone
- Municipal Zoning provides Diverse Business Operations
- Renovated in 2019
- Prime Location
- High Future Appreciation & Upside Potential
- All FFE included except for Personal Portraits
- Loyal Customer Base and Stable Referral Base
- Company Sustained with Very Minimal Marketing Efforts
- Reception area
- ±14 Rooms
- Chapel
- ±2 Viewing Rooms (one with two movable walls)
- Embalming
- Cosmetology
- ±5 Offices
- Break Room
- 2 Multi-Stall Restrooms & 1 Single Bathroom
- Multiple storage closets for equipment and supplies
- Refrigerator fits ±8 Adult Cases
- Six (6) car garage
- Attached One Bedroom Apartment (Kitchenette, Central AC/Heat)
- Central heating and cooling
- Security System
- Public Utilities (Water, electricity, and sewage)
- Three Specialty Vehicles
- ADA compliant with accessible entrances and facilities
- On & Off-Site Parking
Description:
Owner-Occupy, Investment, or Repurpose opportunity in a Prime Location with high future appreciation and upside potential. Updated in 2019, The property is ideally suited for an Owner-User or Investor seeking a well-maintained asset within an Opportunity Zone. The CC-2-3 zoning presents a versatile opportunity for various business operations. The company's 100+ year old reputation has sustained business operations with very minimal marketing efforts due to a loyal customer and referral base. This is an opportunity for an Investor or Owner-User to continue through the mortuary's legacy with high upside potential through new management and marketing strategies, or pivot to a commercial repurpose opportunity.
The property is strategically situated within an Opportunity Zone and just feet away from a 4-way signalized major arterial intersection. It is easy accessible from major highways and public transportation routes, making it convenient for families, visitors, and daily traffic. Nearby essential services such as hospitals, churches, and cemeteries, enhance the convenience and accessibility. Located in the highly populated Southcrest neighborhood, the property benefits from a strong community and household presence. The surrounding commerce hub offers potential for opportunities. Leatrice "LJ" Johnson 760.628.4230 leatrice.johnson@expcommercial.com growth and development.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum | ||
| Offering_Memorandum.pdf |
Location
Gallery
