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600-650 W Grape St
San Diego, CA 92101 Little Italy

$4,250,000 USD

Apartments Condo For Sale  •  6,532 SF

Property Details

  • Property Type Apartments
  • Total Building Size 110,000 SF
  • Lot Size 0.69 AC
  • Building Class B
  • Year Built 2003
  • Cap Rate 7.29 %
  • Zoning CCPD-ER
67 Transit Score
98 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 600-650 Retail 6,532 SF $4,250,000 USD
  • Unit Size: 6,532 SF
  • Condo Use: Retail
  • Price: $4,250,000 USD
  • Sale Type: Investment
  • Price/SF: $650.64 USD
Description
Urban Property Group is pleased to present the opportunity to acquire the ground-floor commercial condominiums at Il Palazzo, prominently located
in the heart of Little Italy. Positioned along highly visible Columbia Street, this
offering presents a rare investment opportunity in one of Downtown San Diego’s
most sought-after neighborhoods, with immediate access to I-5 and a wealth
of surrounding amenities that fuel consistent demand.

Sale Notes
Rare investment opportunity in Little Italy, one of Downtown San Diego’s most sought-after neighborhoods, featuring a four-tenant property that provides diversified income and reduced vacancy risk. The asset is anchored by 7-Eleven, a nationally recognized credit tenant with proven performance and strong customer draw, and is supported by a stable NNN lease structure delivering predictable cash flow with minimal landlord responsibilities.

Description 

Rare opportunity in Little Italy, one of Downtown’s most desirable neighborhoods
Highly visible location with prime signage
On-site parking — 5 tandem spaces
Secure income stream backed by 7-Eleven, a nationally recognized credit tenant
Diversified tenant mix with NNN lease structure
Immediate access to I-5 and on main ingress/egress thoroughfares
In the path of major development — over 5,000 units proposed and under construction
Surrounded by popular neighbors: LALA, Cloak & Petal, Bolt Brewery, Born & Raised, and more!

Highlights

?Rare opportunity in Little Italy, one of Downtown’s most desirable neighborhoods
Highly visible location with prime signage
On-site parking — 5 tandem spaces
Secure income stream backed by 7-Eleven, a nationally recognized credit tenant
Diversified tenant mix with NNN lease structure
Immediate access to I-5 and on main ingress/egress thoroughfares

Property Flyers

Cap Rate: 7.29 %

Major Tenants

Tenant SF Occupied Lease End Date
7-Eleven
Electric Bike Central
Lennar Homes
Little Italy Tobacco
Mikkeller
Ups Store
Utopio

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Business Center
  • Cable Ready
  • Courtyard
  • Dishwasher
  • Disposal
  • Fitness Center
  • Microwave
  • Picnic Area
  • Property Manager on Site
  • Washer/Dryer
  • Gated
  • Heating
  • Furnished Units Available
  • Grill
  • Recycling
  • Kitchen
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Elevator
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 1 min 13 min 0.7 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 5 min - 3.2 mi
Transit/SubwayDriveWalkDistance
County Center/Little Italy (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 1 min 8 min 0.4 mi
Santa Fe Depot (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 1 min 13 min 0.7 mi
America Plaza (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 1 min 13 min 0.7 mi
Courthouse Station (El Cajon - Courthouse - MTS) 1 min 14 min 0.7 mi
Middletown (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
San Diego International 6 min - 2.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Covered
Included in Rent: Yes
Joe Brady 619-985-5637 Urban Property Group Inc.(UPG)
Joe Brady 619-985-5637 Urban Property Group Inc.(UPG)