INDUSTRIAL

🏭 3167 Commercial St

A Rare Urban Industrial Hold in San Diego’s Rising Core

Tucked between the Port of San Diego and the rapidly transforming Logan Heights / Barrio Logan districts, 3167 Commercial St represents a 10,944 SF masonry industrial building with two stories of functional space, secured yard, and CN-1-4 zoning flexibility. Fully leased today, this property offers investors or owner-users a unique chance to plant a flag in one of San Diego’s most dynamic urban trade corridors.

⚡ Property Highlights

• Size: 10,944 SF on 0.30 acres
• Ceiling Height: 18’ clear
• Loading: 2 grade-level doors
• Construction: Masonry, secure fenced lot
• Year Built: 2003
• Amenities: Skylights, mezzanine, commuter rail access nearby
• Zoning: CN-1-4 (mixed-use medium density, 44 units/acre), with grandfathered IL-1 industrial use
• Opportunity Zone designation → potential tax advantages

🚛 Strategic Location

Situated just east of I-5 and Harbor Drive, the property provides direct connectivity to:

• Port terminals → logistics and distribution access within minutes
• Downtown San Diego → less than 10 minutes away, making this a rare industrial foothold in an increasingly office/retail/residential zone
• Commuter rail lines → strong accessibility for workforce and last-mile operations

🌟 Market & Neighborhood Momentum

San Diego’s urban industrial fabric is tightening. Redevelopment pressure in Downtown East Village has reduced the stock of functional small-bay and midsize warehouses, pushing demand into sites like Commercial Street.

Meanwhile, national names are clustering nearby:

• Penske and Ryder logistics hubs leverage port proximity.
• Naval Base San Diego remains a massive employment and procurement anchor, fueling contractors and suppliers throughout the corridor.
• E-commerce 3PL operators have been expanding in the South Bay and central core, feeding into demand for mid-size, well-located facilities.

The Opportunity Zone overlay further strengthens the property’s investment profile, offering potential federal tax incentives in a submarket already riding redevelopment and infrastructure upgrades.

🏗 The Investor Play

• For Investors: A stabilized, income-producing asset with upside tied to zoning flexibility and neighborhood appreciation.
• For Owner-Users: A chance to secure scarce warehouse/yard space in central San Diego, with long-term repositioning potential if converted or redeveloped.

👉 3167 Commercial St is more than just a leased industrial building. It’s a secure, flexible foothold in a supply-constrained urban core, where the collision of logistics, redevelopment, and tax incentives creates an asset with built-in resilience and upside.

Links

San Diego Economic Development Dept.
Argossy International Properties