Brokerage
Brokerage
3051 Reynard
3051 Reynard Way, San Diego, CA 92103, USA
Active
$1,975,000
Mixed-Use Redevelopment Opportunity in Mission Hills
Property Type
Mixed-Use
Units
4
SqFt
6,222
Price
$1,975,000
Price/Unit
$493,750
Year Built
1948
Market
Mission Hills
Price/SF
$317
Cap Rate
3.14%
GRM
18.64
Unit Mix
Mixed-Use
Property Description
3051–3069 Reynard Avenue is a multi-tenant commercial property comprised of several distinct structures on a corner site in the Bankers Hill / Mission Hills area of San Diego. The property features a mix of creative, wellness, and studio-oriented uses, providing stable in-place income with long-term repositioning and redevelopment optionality.
The site consists of two adjoining legal parcels totaling approximately 14,246 square feet and is zoned CN-1-3 within the Complete Communities Tier 3 overlay, allowing for increased density and a floor area ratio of up to 6.5. Recent redevelopment activity nearby, including the Rainford Apartments site at 3660 Reynard Way acquired and redeveloped as a higher-density residential project, highlights the area’s proven land value and development trajectory.
Located just north of Downtown San Diego near Mission Hills and Old Town, the property offers a well-located, income-producing asset with embedded long-term upside in a supply-constrained infill submarket.
