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527-545 F Street

San Diego, CA 92101
  • $6,500,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: 240022076
UPDATED: 52 min ago
$6,500,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,253
    SQFT
  • $338
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Description

Builders & Developers! Opportunity to exchange finished or projects near completion for hotel development opportunity in Downtown San Diego's world-famous Gaslamp.**OR** Seller will entertain CASH offers below asking with expeditious close. Historic building with Mills Act in place at the bustling corner of 6th Ave & F St. Restaurant on 1st floor & 23-room Hotel Apartment development opportunity for upper stories. Floor 2 current use is office space, all tenants short term rentals. Floor 3 is vacant with Right of Assembly. Building owner is pursuing unlawful detainer process for current Restaurant tenant. Hotel plans for 23-room hotel apartment, 10,000 sq ft total for Developer to build [(4) 1 bedrooms, (19) studios]. (See Due Diligence) for 23-room hotel plans & MEP. 3 stories + basement @ 19,253 total sq ft and 15,990 sq ft rentable area. Ground floor restaurant +basement = 5,207 sq ft. Restaurant floor plans available (See Due Diligence). The Hill Bldg is Historic, built in 1897 and with Mills Act in place for County Tax savings, (See Due Diligence) for 2023 tax bill. Rent Roll as of September 2024 (See Due Diligence). Ideal location in Gaslamp; same block as Tacos El Gordo & directly across from Double Deuce on F, diagonal to Andaz Hotel/STK steakhouse & across from Coin-Op bar on 6th Ave. Contact listing agent for showing: Will Rigley, 619-980-7300 2nd Agent contact: Teran Baggett, 619-991-0333

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/155334663
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527-545 F Street San Diego, CA 92101

  • Price: $6,500,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 52 min ago
  • ID#: 240022076
0
Beds
0
Baths
0
½ Baths
0.11
Acres
19,253
SQFT
$338
$/SQFT
Neighborhood:
San Diego Downtown (92101)
County:
San Diego
Area:
San Diego Downtown (92101)
Property Description
Builders & Developers! Opportunity to exchange finished or projects near completion for hotel development opportunity in Downtown San Diego's world-famous Gaslamp.**OR** Seller will entertain CASH offers below asking with expeditious close. Historic building with Mills Act in place at the bustling corner of 6th Ave & F St. Restaurant on 1st floor & 23-room Hotel Apartment development opportunity for upper stories. Floor 2 current use is office space, all tenants short term rentals. Floor 3 is vacant with Right of Assembly. Building owner is pursuing unlawful detainer process for current Restaurant tenant. Hotel plans for 23-room hotel apartment, 10,000 sq ft total for Developer to build [(4) 1 bedrooms, (19) studios]. (See Due Diligence) for 23-room hotel plans & MEP. 3 stories + basement @ 19,253 total sq ft and 15,990 sq ft rentable area. Ground floor restaurant +basement = 5,207 sq ft. Restaurant floor plans available (See Due Diligence). The Hill Bldg is Historic, built in 1897 and with Mills Act in place for County Tax savings, (See Due Diligence) for 2023 tax bill. Rent Roll as of September 2024 (See Due Diligence). Ideal location in Gaslamp; same block as Tacos El Gordo & directly across from Double Deuce on F, diagonal to Andaz Hotel/STK steakhouse & across from Coin-Op bar on 6th Ave. Contact listing agent for showing: Will Rigley, 619-980-7300 2nd Agent contact: Teran Baggett, 619-991-0333
Interior Features

Common Restrooms 6 Restrooms 7

Property Features

Actual Gross Scheduled Income 507000.0 Actual Operating Expense 0 Assumable Finance 0 Building Amenities Historic Mills Act DesignationRight of Assembly Buildings 1 Mandatory Remarks None Known Market Area Metro Central Motive Want Exchange or Cash Present Loan 3000000 Short Sale No Zoning GQPD-GASLA

San Diego MLS logo Listing provided courtesy of Will Rigley of WA Rigley Corp: 619-980-7300. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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