Irreplaceable North Park Trophy Mixed Use Property For Sale

Highlights:

• 12,022 Square Feet
• Juice Bar & Existing Health Department Restaurant Permit
• Mixed Use: Residential & Commercial
• Roof: Flat/new In 2019 With Warranty
• Close Proximity To Numerous Retail Amenities
• Located In Diverse And Flourishing North Park
• Authentic Masonry
• On Site Laundry
• 0.2 Mile To I-805
• 97 Walk Score

Description:

Commercial Asset Advisors, as the exclusive marketing advisor, is pleased to present to qualified investors the opportunity to acquire the 12,022 square foot mixed use project, The Waldorf Building.

Authentic brick and steel finishes accent a functional and versatile retail space on the ground level. With significant upgrades to plumbing, electrical, and gas service in place, along with a permitted juice bar, large rest room and shower facilities, the user/tenant opportunities in this core retail market are endless...

With most apartment units at under market rent, the ability to add additional units, and additional amenities, along with a potential leaseback of the retail space, the property provides existing income with plenty of upside through re-positioning and lease up. On a 7,482 SF corner parcel of CC-3-9 land, the future mixed-use residential redevelopment potential is unlimited with incredible density allowed

Opportunities to acquire Trophy assets in coveted neighborhoods do not present themselves often. The Waldorf Building is a prized asset positioned on a top visibility corner just 0.2 miles from the main intersection in North Park. This is your opportunity to acquire a once in a generation project in one of the most desired retail corridors in San Diego.

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