Louis Bank of Commerce

Cast Capital Partners is pleased to present the Louis Bank of Commerce, a rare opportunity to acquire one of San Diego’s most architecturally significant commercial properties. Built in 1888 and renowned as the Queen of the Gaslamp, this four-story Baroque Revival landmark blends historic charm with modern functionality. Over the years, it has hosted a variety of tenants, from Madame Cora’s Golden Poppy Hotel brothel to creative offices and popular restaurants. The building has been fully restored, showcasing its original hardwood floors, soaring ceilings, and exposed brick walls, offering a unique blend of old-world character and contemporary appeal. Located in the heart of the vibrant Gaslamp Quarter, the property is surrounded by top-tier dining, entertainment, and hospitality destinations, ensuring strong year-round demand. The Louis Bank of Commerce presents an excellent opportunity for investors seeking to reposition this iconic asset for long-term value. With its potential for conversion into a boutique hotel, featuring 36 rooms (subject to buyer’s yield study), or adaptive reuse as creative office and retail space, the property offers unparalleled flexibility. This prime location, coupled with San Diego’s growing tourism sector, makes the property an exceptional investment in one of the city’s most dynamic neighborhoods. With the Gaslamp Quarter seeing increasing foot traffic, strong occupancy rates, and high demand for boutique hotels, this is a rare chance to capitalize on the city’s thriving hospitality market. Offered at $9,000,000 with significant upside potential, the Louis Bank of Commerce is a landmark opportunity for investors or developers looking to make their mark in downtown San Diego.