Property Detail
Description
SIGNALIZED INTERSECTION OF 3RD STREET & HOBART! PRIME KOREATOWN RETAIL ANCHORED BY KOREAN BBQ RESTAURANT - TENRAKU AND PERSONAL FITNESS GYM. 5.31% CAP RATE AT ASKING PRICE WITH NNN LEASES AND UPSIDE IN RENTS. VERY WELL MAINTAINED PROPERTY WITH NO DEFERRED MAINTENANCE. FULL RESTAURANT HAS BEEN IN OPERATIONS FOR YEARS AND HAVE STRONG SALES. PARKING IN FRONT. 3RD STREET HAS FANTASTIC VISIBILITY AND HEAVY TRAFFIC DAILY.
Map Location
Listing provided courtesy of Ryan Yatman of SP Residential Inc. Last updated 2026-04-03 08:26:48.000000. Listing information © 2025 CRMLS.
Steele Realty Group
1953 San Elijo Ave., Suite 100
Cardiff-by-the-Sea, CA 92007
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858.775.6678
Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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