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$5,220,500
83 Days Online

322 Encinitas Blvd
Encinitas, CA 92024

For Rent|Commercial|Pending
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1999
Built
County:
San Diego
Listed by Alexander Ciullo of Pacific Sotheby's Int'l Realty

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322 Encinitas Blvd322 Encinitas Blvd322 Encinitas Blvd322 Encinitas Blvd
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Ocean views meet opportunity in Encinitas! Investment or Owner-User meticulous Class B building. This 10,000 SQFT 2 Story property boasts 31 Suites & 45 Parking Spaces. Suites allow for flexible tenant configuration. New roof and solar added for inexpensive operating costs. Floor 1 completely modernized & refinished. Close to Downtown Encinitas Shopping & Dining; less than a Mile from the Encinitas Coaster Station & the crashing waves of Moonlight Beach. Work where you Beach, Beach where you work in this desired Coastal Community. *Call Listing Agent for Financials and Offering Memorandum. - Owner-user opportunity: flexible suite sizes and lease terms allow an owner-user to occupy over 51% of the property at close of escrow; highly visible building signage currently available for an owner-user. - Investment opportunity: below market rents and executive suite infrastructure present investors multiple avenues to significantly increase returns. - Ideal coast location: minutes away from downtown Encinitas and walking distance to multiple retail amenities; balcony ocean view. - Premier accessibility: immediate access to I-5 via the Encinitas Blvd on/off ramp with freeway visible signage. - Record low interest rates: SBA interest rates as low as 3.5% provide affordable tenancy for an owner/user. - Market demand: high demand market for small office space. - Barriers to market entry: no new projects under construction of any scale. - Project upgrades: brand new roof & solar installed in 2016 have significantly decreased operating costs; first floor renovated in 2018 with high-end finishes and upgraded restrooms. - Year 1 Cap Rate at Market Rents: 6.23% Cooling: Central Forced Air Elec

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Listing Snapshot
Price 
$5,220,500
Days Online 
83 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.51 Acres
Year Built 
1999
MLS Number 
210029785
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
3 weeks agoStatus changed to Pending
3 months agoListing first seen online
General Features
Construction 
FrameConcreteStucco
Parking Spaces 
0
Acreage 
0.51
Attached Garage 
No
Zoning 
Commercial
Interior Features
Heating 
Forced Air
Fireplace 
No
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Exterior Features
Roof 
Tile
Spa 
No
Waterfront Property 
No
Community Features
Association Dues 
0
MLS Area 
92024 - Encinitas


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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