Property Detail

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