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701 Island Ave
San Diego, CA 92101 East Village

$8,000,000 USD

Loft Creative Space For Sale • 18,178 SF

Property Details

Property Type Loft Creative Space
Total Building Size 18,178 SF
Lot Size 0.12 AC
Building Class B
Year Built 1925
Cap Rate 6.15 %
Tenancy Multiple
Zoning CCPD-ER

80 Transit Score

100 Walk Score

                
                    Highlights
                
                                AN OWNER/USER CAN OCCUPY FOR A NET COST OF JUST $.73!  Occupy 2 floors, collect rent from 2 floors, take depreciation and other deductions, net $.73
                            
                                UNPARALLELED SIGN EXPOSURE!  TWO BUILDING-TOP SIGN POSITIONS AVAILABLE, ONE FACING 7TH AVE AND ONE ON ISLAND AVE, PROVIDING HIGH VISIBILITY
                            
                                The building's signs will be seen by the 3.5 million people who annually visit Petco Park, 2 blocks away.  On intersection with 23,200 cars per day
                            
                                An owner/user can obtain desirable SBA 504 financing, downpayment of just 10%, with long-term below-market fixed rate financing
                            
                                “Retro Chic” property built 1925, original hardwood floors, operable windows, modernized with new TPO roof, new elevator, restrooms, & internet 
                            
                                Class A+ location in trendy East Village, blocks from Gaslamp Quarter, Petco Park, the Convention Center, restaurants, coffee shops, and nightlife

Property Flyers

Sales Brochure, 701 Island Ave, San Diego

Financial Summary (Proforma)

Net Operating Income: $492,365 USD (2026)

Cap Rate:	6.15 %
Total Expenses:	$210,667 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Harlan Hillier Digiacco LLP	4,886 SF	9/29/2028
Noonan Lance Boyer & Banach, LLP	4,873 SF	12/31/2026
OpenBrand	4,886 SF	9/29/2028
Relentless Brewing	3,533 SF	9/30/2036

Amenities

24 Hour Access
Controlled Access
Food Service
Restaurant
Security System
Signage
Wheelchair Accessible
Outdoor Seating
Air Conditioning
Fiber Optic Internet

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	3 min	-	1.3 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	8 min	-	4.4 mi
Transit/Subway	Drive	Walk	Distance
Park And Market (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	1 min	5 min	0.3 mi
Gaslamp Quarter (Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	7 min	0.4 mi
Convention Center (Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	1 min	7 min	0.4 mi
5Th Avenue (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	10 min	0.5 mi
12Th & Imperial Transit Center (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	1 min	11 min	0.6 mi
Airport	Drive	Walk	Distance
San Diego International	8 min	-	3.8 mi

Andrew Meyers 858-519-3240 Avison Young

701 Island Ave San Diego, CA 92101 East Village