371 N Cleveland St
Oceanside, CA 92054 Downtown Oceanside

• Unit Size: 7,804 SF
• Condo Use: Retail
• Price: $6,490,000 USD
• Sale Type: Investment
• Price/SF: $831.62 USD

Description

SALT presents the opportunity to acquire a collection of retail and restaurant commercial condominiums within one of Downtown Oceanside's most recognizable mixed-use developments. Constructed in 2019, the property is positioned at the intersection of Cleveland Street and Pier View Way within Oceanside's transformational 9 Block Master Plan, an area that has experienced significant public and private investment, new hospitality development, residential growth, and increased visitor activity. The project combines ground-floor retail and restaurant uses with 52 luxury residential condominiums above, creating an integrated live-work-play environment that supports daily pedestrian activity and tenant visibility.
The retail component is occupied by a mix of established food, beverage, wellness, and service-oriented tenants including Parlor Doughnuts, Toasted Gastrobrunch, and Yoga Box. Tenant rosters feature operators with multiple locations and recognized regional or national brand presence. The asset benefits from annual contractual rent increases and a parking structure providing approximately 340 public parking spaces, supporting customer access in a highly walkable downtown setting.
Located just blocks from the beach, Oceanside Pier, the Oceanside Transit Center, and a growing collection of hotels, restaurants, entertainment venues, and tourism destinations, SALT is positioned within one of Southern California's most active coastal downtown districts. Nearby demand drivers include Mission Pacific Beach Resort, The Seabird Ocean Resort & Spa, Oceanside Harbor, City Hall, Regal Cinemas, and numerous visitor attractions that contribute to year-round activity.
The combination of recent construction, integrated residential density, established tenancy, structured parking, and location within Downtown Oceanside's evolving coastal core creates a compelling investment opportunity with long-term relevance in a supply-constrained coastal market.