Property Description

Listing #5069

Asking Price: $2,500,000

​This may be the most unique opportunity in the state of California. For those of you who know San Diego, you understand what it means to be in Little Italy, and what being on the corner of Kettner and Laurel means for a retail business. To those unfamiliar to San Diego, this is one of the hearts of downtown San Diego and one of the arteries entering the San Diego City and its Airport. There are only 36 licenses available in the city of San Diego and 70 in the entire county, only 3 of these will be downtown.

The two other licenses are in inconvenient small one way street, or in a more isolated area of downtown with no foot traffic, and low vehicle traffic. This is the only license downtown that can be defined as a retail location in any traditional sense, and therefore is the ideal place for a cannabis retail dispensary servicing the whole downtown, Bankers hill, and all the tourism from Balboa Park, Zoo, Midway, Convention center, Little Italy and Harbor and Airport.

In addition to the above, the amount of construction happening downtown (residential/office/retail) which will add to its population delivering 1000’s of new apartments, millions of square feet of office space and 100’s of hotel rooms in 2025 alone. All this will continue to add to the already high average income ($116,137). San Diego / Downtown / Little Italy 8 Parking (Parking Lot on Both Sides) Seller Financing (Available, terms to be discussed.)

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