55
See all 55 photos
$5,000,000
$5,750,000 13.0%
Est. payment /mo
0.64 Acres Lot
Sold on 02/07/2025
1858 Newton AVE San Diego, CA 92113
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $5,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24418749
Lot Size 0.640 Acres
Property Description
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.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning BLPD-REDEV
Building
Story 2
Others
Special Listing Condition Standard
Listed by Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY
Bought with Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY
Bought with Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY