Listing provided courtesy of Jacob Plewa of REMAX COMMERCIAL & INVESTMENT REALTY. Last updated 2024-09-07 09:13:37.000000. Listing information © 2024 Sandicor.
Asking Price: $5,750,000
1858 Newton, San Diego CA 92113
Community: 92113 - Logan Heights
This property was built in 0 and is priced at $5,750,000. Please see the additional details below.
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.