Great Location for a Quick Serve Restaurant (QSR) Several Renderings available. Also available are Notes from a county presubmittal meeting.
Rare CUP-approved development opportunity in El Cajon. This 1.33-acre Commercial-zoned parcel has an approved Conditional Use Permit for a large-scale Residential Care Facility for the Elderly (RCFE). Approved plans call for a 3-story, 87,603 SF building with 148 rooms/156 beds (128 assisted living, 28 memory care), central courtyard, two balconies, and 62 covered parking spaces. Seller has completed the full architectural and civil plan set plus a clean Phase 1 Environmental Site Assessment, removing significant entitlement risk and time for a buyer. A third-party demand study by Susan Brecht & Associates supports strong market need, and the City of El Cajon projects a 27.1% increase in residents aged 65+ by 2050. A turnkey opportunity for a senior housing developer or operator to move directly into construction. Buyer to independently verify all permits, entitlements, square footage, and development potential with the City of El Cajon.
Ballantyne Condominiums is a newly constructed mixed-use asset ideally located in the heart of downtown El Cajon, within walking distance of Magnolia entertainment venue, popular restaurants, shopping, and local amenities. The property consists of eight residential condominium units and two ground-floor retail/office suites, including: INVESTMENT OVERVIEW Four (4) spacious 2-bedroom, 2.5-bath units Two (2) 1-bedroom plus study, 1.5-bath units Two (2) 1-bedroom, 1.5-bath units Two (2) street-level retail spaces Each residential unit is equipped with in-unit washer and dryer, individual HVAC systems, and secure gated covered parking. The property is currently 100% occupied, with all residential tenants on month-to-month leases, providing a new owner with the flexibility to implement immediate rental increases and maximize income potential. This turnkey investment is strategically positioned to benefit from the continued growth and revitalization of the East County submarket. A unique value-add opportunity exists for a buyer to complete the HOA formation process and pursue the sale of individual condominium units, potentially unlocking significant additional value. As a rare newer-construction asset, Ballantyne Condominiums offers low maintenance requirements, modern amenities, and strong long-term investment fundamentals
Exceptional opportunity for investors, developers, and entrepreneurs seeking a strategic location with long-term UPSIDE potential. The seller owns the neighboring motorcycle repair shop (Vacant) and may be willing to consider a package sale for qualified buyers seeking additional square footage, expanded frontage, greater operational flexibility, or future REDEVELOPMENT potential. This unique opportunity allows investors or owner-users to acquire a larger footprint in a rapidly evolving commercial corridor and create a stronger long-term presence within the market. The area continues to benefit from The City of El Cajon public and private investments towards revitalization and economic development plan. Buyers are encouraged to investigate zoning, permitted uses, and potential development opportunities with the City. Call today to schedule a tour!
Available for the first time in many years due to the retirement of a long-term occupant. Exceptional opportunity for investors, developers, and entrepreneurs seeking a strategic location with long-term UPSIDE potential. The seller also owns the neighboring tattoo shop property and may be willing to consider a package sale for qualified buyers seeking additional square footage, expanded frontage, greater operational flexibility, or future REDEVELOPMENT potential. This unique opportunity allows investors or owner-users to acquire a larger footprint in a rapidly evolving commercial corridor and create a stronger long-term presence within the market. The area continues to benefit from The City of El Cajon public and private investments towards revitalization and economic development plan. Buyers are encouraged to investigate zoning, permitted uses, and potential development opportunities with the City. Call today to schedule a tour!
We are proud to present a turnkey, flex car wash and detailing business at 195 N 2nd St in El Cajon, California. The current tenant is paying $2,000/month. This operational business and real estate offering provides a stable leased income stream with significant embedded upside through active management and service expansion. The property features a 640 SF service building on a large 19,780 SF (0.45-acre) commercially zoned lot, anchored by a long-term lease with CPI increases. Currently processing ~2,000 cars per month, the business benefits from recent electrical upgrades and offers a clear path to grow revenue by extending hours, optimizing pricing, and expanding the high-margin detailing service, making it ideal for both a passive investor or a hands-on operator. This is a versatile essential-service investment that caters to both passive and active investment theses. 195 N 2nd St provides a secure, low-management entry point with a growing base rent, while also offering a clear and immediate roadmap for an operator to dramatically increase cash flow through hands-on optimization, making it a uniquely attractive asset in the San Diego market.195 N 2nd St represents a strategic opportunity with built-in flexibility. The combination of a secure underlying lease, a large functional lot, recent capital improvements, and clear operational upside creates a compelling value proposition. Whether as a passive real estate holding or an active business acquisition, this property offers a solid foundation with multiple pathways to increased returns, making it an ideal investment for a wide range of buyers in the stable El Cajon market.
500 SF Flex/Retail/Office Suite with Private Bathroom, Air Conditioning, 3 Large Parking Spaces, and Shared Cooking Area. M Zoning Allows for Construction Service, Equipment Rental, Food Processing, Office, Light Manufacturing, Machine Shop, Medical Lab, Warehousing, and More. Suitable for Small Retail, Service Businesses, Contractors, or Professional Office Use.
Prime Commercial Corner Lot in the Heart of El Cajon! Exceptional opportunity to own a highly visible corner property located at the signalized intersection of 1st Street and Greenfield Drive. Zoned C36 General Commercial, this versatile property sits on a spacious 11,204 Sq Ft lot (.26 acres) and offers outstanding potential for investors, owner-users, and developers alike. The property currently features an approximately 880 Sq Ft office building and includes attached development plans available in the documents section. Proposed plans consist of a commercial unit on the ground floor with two residential units above, creating an ideal mixed-use opportunity in a high-demand location. Excellent street frontage, strong traffic exposure, and convenient access to major freeways, retail, and surrounding businesses make this a strategic investment with long-term upside. Rare chance to capitalize on flexible commercial zoning in one of El Cajon’s growing commercial corridors.
Rare freeway-visible development opportunity at 14009–14011 Ridge Hill Road in El Cajon. This three-parcel assemblage totals approximately 16.34 acres, with an estimated 6.5 acres of usable pad area, direct access from the I-8/Lake Jennings Park Road interchange, and exceptional exposure to regional traffic. Zoned C-42 with a Village Core Mixed Use General Plan designation, the property offers flexibility for a range of visitor-serving, commercial and destination-oriented concepts, subject to all required approvals. Potential uses may include hospitality, experiential retail, family entertainment, food and beverage, senior housing, multifamily mixed use, wellness retreat, event venue, storage or phased commercial development. The former Marshall Scotty’s site has a long history of public entertainment use and continues to host a seasonal haunted attraction. Existing disturbed areas, parking and utilities at or near the site may offer meaningful development advantages. Offered unentitled; buyer to independently verify zoning, permitted uses, access, floodplain, grading, utilities, signage, density and entitlement requirements. Positioned along one of East San Diego County’s most recognizable freeway corridors, the property combines scale, visibility and flexibility rarely found in a single offering. The three-parcel configuration may support phased construction, separate financing, ground leases, individual pad development or future parcel disposition, subject to access, utility and entitlement requirements. Approximately 283,000 square feet of estimated usable pad area may allow a multi-terrace concept designed to maximize freeway exposure and separation between uses. The C-42 zoning and Village Core Mixed Use designation may support a broad range of regional and destination-oriented concepts. Potential strategies include a hotel with freeway-facing retail pads, destination restaurants, experiential retail, family entertainment, outdoor recreation, senior living, multifamily with a commercial component, a wellness retreat, event venue, self-storage, vehicle or container storage, or another visitor-serving commercial use. All concepts are conceptual and subject to County review, technical studies and governmental approvals. The property is the former home of Marshall Scotty’s, a San Diego attraction that opened in 1967. Portions of the site have historically accommodated amusement and entertainment activity, including parking, a go-kart track, structures and the seasonal Haunted Trail. The current seasonal operator may be open to continued occupancy as supplemental income or vacating for a buyer’s plans. Prior use does not guarantee approval of any future use. Immediate Interstate 8 visibility creates strong branding and destination potential, subject to signage regulations. Access is from Ridge Hill Road near the Lake Jennings Park Road interchange, allowing the site to serve East County while remaining accessible to the broader San Diego market.
Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.
We are pleased to present Villa Capri, a 59-unit apartment community located near the heart of Downtown El Cajon, one of San Diego County’s most active and transit- oriented Tier-2 employment hubs. Positioned just 16 miles east of Downtown San Diego, the property sits within an energetic historic district surrounded by an array of shopping and dining options, year-round entertainment, theatre, and community events. The property is comprised of twenty-four (24) one bedroom/one-bathroom, sixteen (16) two-bedroom/one-bathroom, twelve (12) two-bedroom/two-bathroom, and seven (7) three-bedroom/two-bathroom floorplans that average over 816 sq ft. Each unit is equipped with electric appliances, above-range hood vents, bypass closet doors, and select private patios and balconies. Constructed in 1969, Villa Capri’s community amenities include a sparkling pool, landscaped courtyards, picnic and BBQ areas, ample off-street parking, and on-site laundry facilities. The property offers efficient regional connectivity, just 0.5 miles f rom Interstate 8, 2.5 miles f rom the El Cajon Transit Center, and only steps from a major bus stop at N 2nd St & E Main. Residents enjoy convenient access to key employment destinations including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all reachable within approximately 25 minutes.
Pleased to present a rare high cap rate investment opportunity in San Diego County. This 20-unit multifamily property offers strong in-place income with significant upside potential. The property consists of approximately 12,000 square feet of rentable space situated on a 21,928 square foot lot, featuring twenty (20) spacious two-bedroom, one-bathroom units. This well-located asset benefits from its proximity to key amenities, including shopping, parks, schools, and major transportation corridors. Conveniently positioned less than one mile from major retail and community resources such as Town & Country Shopping Center El Cajon, Wells Park, Boys & Girls Club of East County, and El Cajon Valley High School, the property also offers excellent access to Interstate 8 and State Route 67, providing connectivity to major employment hubs throughout San Diego County. Several units have been upgraded with modernized kitchens, updated flooring (tile and carpet), and new bathroom vanities, enhancing tenant appeal and rental potential. Community amenities include gated entry, off-street parking, an on-site laundry facility, a community courtyard, and a swimming pool, contributing to a comfortable and attractive living environment. This is an exceptional opportunity for investors seeking a stabilized asset with value-add potential in a high-demand rental market. Pleased to present a rare high cap rate investment opportunity in San Diego County. This 20-unit multifamily property offers strong in-place income with significant upside potential. The property consists of approximately 12,000 square feet of rentable space situated on a 21,928 square foot lot, featuring twenty (20) spacious two-bedroom, one-bathroom units. This well-located asset benefits from its proximity to key amenities, including shopping, parks, schools, and major transportation corridors. Conveniently positioned less than one mile from major retail and community resources such as Town & Country Shopping Center El Cajon, Wells Park, Boys & Girls Club of East County, and El Cajon Valley High School, the property also offers excellent access to Interstate 8 and State Route 67, providing connectivity to major employment hubs throughout San Diego County. Several units have been upgraded with modernized kitchens, updated flooring (tile and carpet), and new bathroom vanities, enhancing tenant appeal and rental potential. Community amenities include gated entry, off-street parking, an on-site laundry facility, a community courtyard, and a swimming pool, contributing to a comfortable and attractive living environment. This is an exceptional opportunity for investors seeking a stabilized asset with value-add potential in a high-demand rental market.
275 S Mollison Avenue is a 13-unit apartment community offering a fully leased, turnkey investment opportunity. The property features recent upgrades throughout, including new flooring and modern bathroom finishes with floating vanities, creating a clean, contemporary feel that appeals to today’s tenants.This asset delivers stable cash flow, low maintenance, and strong rental demand, all within a private setting and conveniently located near schools, shopping, and major freeways.The current ownership has completed significant improvements, including a full renovation of one unit following vacancy. Upgrades included new cabinetry, flooring, drywall, insulation, updated sliding doors, a remodeled bathroom, and relocation of the water heater to a new tankless system. Professionally managed by Sandirent Property Management for the past three years, the property has maintained consistent performance with no major tenant-related issues, providing investors with confidence in its ongoing operations.An excellent opportunity for investors seeking a stabilized, income-producing asset with upside potential.
1,250 SF Office / Industrial 2 Private Offices Reception Area/Open Office Storage Closet Restroom Kitchenette Warehouse w/Roll-Up Door Lease Rate: $1,875 per month Gross Availability - Contact Agent
AVAILABLE FOR LEASE: 856 Gable Way, El Cajon, CA 92020 ±2,380 Square Foot Warehouse 18’ Clear Heights, 5 Private Offices, Restroom, Warehouse with Sink, 1 Roll-Up Door (12’ x 14’), 3 Phase Electric Easy Freeway Access to I-8 and Hwy 67 M-Zone Asking Rate: $1.45/SF + NNN ($.44/SF) Close Proximity to Parkway Plaza and Various Retail Call For Availability
Located in the heart of downtown El Cajon, this multi-tenant office building offers a unique investment opportunity. Each suite features a dedicated reception area, in-suite restrooms, and access to 17 gated parking spaces, along with ample street parking. Situated near the library, shops, restaurants, and public transportation, the property is within the Mixed-Use Overlay Zone and Downtown Master Design Plan, offering significant potential for residential or mixed-use development. This is an ideal opportunity for investors, developers, or business owners seeking a versatile and high-value property. Sale includes 3 separate properties with individual APN'S (269 with APN 488-221-31-00, 277 with APN 488-221-32-00 and 291 with APN 488-221-33-00).
Located in the heart of downtown El Cajon, this multi-tenant office building offers a unique investment opportunity. Each suite features a dedicated reception area, in-suite restrooms, and access to 17 gated parking spaces, along with ample street parking. Situated near the library, shops, restaurants, and public transportation, the property is within the Mixed-Use Overlay Zone and Downtown Master Design Plan, offering significant potential for residential or mixed-use development. This is an ideal opportunity for investors, developers, or business owners seeking a versatile and high-value property. Sale includes 3 separate properties with individual APN'S (269 with APN 488-221-31-00, 277 with APN 488-221-32-00 and 291 with APN 488-221-33-00).
Mixed-use CORNER LOT property zoned COMMERCIAL with 2 Buildings AND a Garage/Storage. Rectangular level lot is approximately 52 ft by 122 ft, totaling 0.15 acre. This property offers excellent, high visibility on Broadway with signage opportunity and traffic count of 9900+ daily. Broadway frontage has Office/Retail building AND a single-family house at 907 Crosby - currently occupied on a month to month, plus a Garage/Storage unit for additional income. Office/retail building on located at 1258 Broadway has a paved Parking lot on the side that can accommodate an estimated 6 cars. Long-term ownership. Roof recently upgraded. Hard to find development or owner occupied/user opportunity. Retail office space has the old world charm of house built in days gone by, complete with lots of windows, fireplace and a kitchen.
MAJOR PRICE REDUCTION!!! The portfolio from the corner of Millar with FRONTAGE ON W. Main Street to just the middle of the block is finally offered for sale providing an opportunity to redevelop for the newest mixed-use project in El Cajon. From the City to Seller "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities." The City is inviting Developers to come and bring their MIXED-USE solutions to an area that deeply needs regeneration and life. This is the perfect block to start on. Seller has these four parcels starting with the vacant warehouse on the west corner of Millar Ave and W. Main St, a main thoroughfare into the City from both La Mesa and Santee. A portfolio sale would allow a developer acquire almost an entire block or about 21,000 SF +/-. This area desperately needs a shopping center with grocer, restaurants, small retail and office. The AB 2011 and SB6 allows a developer to expand his project and fulfill the needs of the city with the inclusion of residential or density units. The very low parking requirement sitting in the transit district should allow a developer to maximize their FAR for income producing suites and units. PROPERTY FEATURES - Investment Type: 4-Parcel Sale for Mixed-Use Development - Lot Size: Approx. 21,000 SF - APN: 487-282-27-00, 487-282-28-00, 487-282-29-00, 487-282-31-00 - Zoning: Commercial with Mixed Use Overlay - Sale Price: $3,388,888 PROPERTY HIGHLIGHTS - Location on W Main Street Just Off HWY 8 Ramps - Located in the El Cajon Transit District Specific Plan - City of El Cajon Anxious to Work with Developer to Revamp Industrial Area - Direct Buyers to AB 2011 and SB 6 for Increased Residential Density and Mixed-Use - Located in the El Cajon Transit District Specific Plan, Blocks from Trolley Hub and Bus Line - 173,780 Cars Per Day on Interstate 8 (0.4 Mile Away) with Off Ramps Feeding into this Street at Signal - Chance to Acquire 4 Parcels on W. Main Street first time in more than 40 years 927 W Main Street, El Cajon, CA 92020 Address 925 W Main Street, El Cajon, CA 92020 Address 935 W Main Street, El Cajon, CA 92020 Address 939 W Main Street, El Cajon, CA 92020 Property Type IMPROVED Vacant Land Size Approx. 5,582 SF Lot Property Type LIVE/WORK Office/Retail Size Approx. 1,650 SF on 5,198 SF Lot Property Type Mechanics Shop Size Approx. 1,288 SF on 5,157 SF Lot Property Type Industrial Warehouse Size Approx. 3,800 SF on 5,219 SF Lot This area is primed for redevelopment as part of the “Green Street Gateway” and “Commercial Village.” The parcel is easily accessible and within 2 short blocks of HWY 8 onramps, the major signal at Marshall and Main Street, around the corner from El Cajon's transit hub and Trolley stop known as the El Cajon Transit Center, and in blocks of several major car dealerships including Mossy Nisan, Mercedes and Toyota of El Cajon. The City is looking for revitalization to serve the neighborhoods and the many employees within the immediate area on a daily basis. "The area immediately surrounding the transit station is an aging industrial and heavy commercial area which interfaces with residential neighborhoods comprised of single and multi-family residences. The Planning Area contains a diverse mix of uses but lacks the appropriate infrastructure, public amenities, and commercial services to function as a complete neighborhood that promotes alternative mode of transportation and that is a desirable and attractive place to live, walk, bike, work or shop." Pg. 14. p 2.3 El CAJON ...
COMMERCIAL CONDO FOR SALE IN EL CAJON. PERFECT FOR SMALL BUSINESS WITH GREAT VISABILITY AND PARKING. THESE ARE RARELY AVAILABLE AND A GREAT OPPORTUNITY. THE BUILDING FEATURES 1060 SQ FT AND HAS A 1/2 BATH.
MAJOR PRICE REDUCTION!!! 939 W. Main INDUSTRIAL WAREHOUSE has approx. 8-10 parking spaces,2 points of egress and ingress with two legal driveways from 2 streets, fully fenced corner warehouse and frontage on W. Main St. with 3800 +/- SF building on .12 AC Lot or 5,219 +/- SF. READY FOR OWNER USER OR INVESTOR. ALL FOUR PARCELS INCLUDING THE DISCOUNTED PORTFOLIO SALE HAVE HAD A MAJOR PRICE REDUCTION>Seller has all four parcels on the market for $3,388,888 REDEVELOP- 2Blocks from Trolley Hub/Bus. From the City to Seller: "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street." City of El Cajon advised us that AB 2011 and SB6 may allow for increased housing from the state level and to see if this industrial area and any conversions to residential units will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon. ***Drone shows more than just this address, but also the other three parcels that may be acquired by one or more buyer. The seller owns the neighboring 3 parcels also shown in this drone. Assemblage would be to the east for a 4-parcel portfolio sale. This assemblage allows for a developer to acquire four parcels for a larger mixed-use development. ALL FOUR PARCELS INCLUDING THE DISCOUNTED PORTFOLIO SALE HAVE HAD A MAJOR PRICE REDUCTION>Other parcels shown in drone are 927 W. Main Street, an improved vacant lot offered at $788,000 and 935 W. Main Street, a mechanics shop offered at $1,388,580 (listed, but off market as tenant has first right of refusal on Mechanics shop), and 939 W. Main Street, a vacant warehouse offered at $1,498,800. Seller is interested in a possible portfolio sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer looking for a larger project totaling just over 21,000 SF with all four lots combined. Portfolio NEWLY REDUCED is offered at a discounted price of $3,388,888. THIS IS THE FIRST TIME IN 40 YEARS ALL FOUR OF THESE PARCELS ARE FOR SALE.
MAJOR PRICE REDUCTION!! DRONE SHOWS TWO PARCELS PLUS 2 ADD'L- Each for sale individually. 927 W. Main IMPROVED VACANT LOT WITH CONNECTED SEWER TO MAINLINE, HELIX WATER (old abandoned meter) AND ELECTRIC (past meter) , CURB CUTS, LEGAL DRIVE WAY & FULLY FENCED, with FRONTAGE ON W. MAIN ST WITH LEGAL ADDRESS CONSISTING OF .13 +/- AC LOT OR 5,582 +/- SF. This parcel has a long time tenant paying $1,000/month which could help with entitlement period for this parcel or a collection of parcels. Seller has all four parcels on the market AS DISCOUNTED PORTFOLIO SALE for $3,388,888. From the City to Seller: "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street." City of El Cajon advised us that AB 2011 and SB6 may allow for increased housing from the state level and to see if this industrial area and any conversions to residential units will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon. ***Drone shows more than just this address, but also the other three parcels that may be acquired by one or more buyer. The seller owns the neighboring 3 parcels also shown in this drone and ALL FOUR PARCELS INCLUDING THE DISCOUNTED PORTFOLIO SALE HAVE HAD A MAJOR PRICE REDUCTION> Assemblage would be to THE WEST CORNER AT MILLAR AVE for a 4-parcel portfolio sale. This assemblage allows for a developer to acquire four parcels for a larger mixed-use development. Other parcels shown in drone are 925 W. Main Street, work/live office or retail offered at $898,800 and 935 W. Main Street, a mechanics shop offered at $1,388,580 (listed, but off market as tenant has first right of refusal on Mechanics shop), and 939 W. Main Street, a vacant warehouse offered at $1,498,800. Seller is interested in a possible portfolio sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer looking for a larger project totaling just over 21,000 +/- SF with all four lots combined. Portfolio is offered at a discounted price of $3,388,888. THIS IS THE FIRST TIME IN 40 YEARS ALL FOUR OF THESE PARCELS ARE FOR SALE.
MAJOR PRICE REDUCTION!!! OWNER USER/LIVE WORK or REDEVELOPMENT MIXED USE!! Pic in tax records is incorrect and shows 2 parcels not just one. Each for sale individually. 925 W. Main Office/retail Live/Work unit has approx. 6-8 parking spaces,, fully fenced and frontage on W. Main St. with 1650 +/- SF building on .12 AC Lot or 5,198 +/- SF. This parcel has a long time tenant m-m paying $4700/month or a gross income of $56,400 which could help with expenses during the entitlement period for this parcel or a collection of parcels. ALL FOUR PARCELS INCLUDING THE DISCOUNTED PORTFOLIO SALE HAVE HAD A MAJOR PRICE REDUCTION>Seller has all four parcels on the market for $3,388,888 in a discounted portfolio sale. From the City to Seller: "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street." City of El Cajon advised us that AB 2011 and SB6 may allow for increased housing from the state level and to see if this industrial area and any conversions to residential units will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon. ***Drone shows more than just this address, but also the other three parcels that may be acquired by one or more buyer. ALL FOUR PARCELS INCLUDING THE DISCOUNTED PORTFOLIO SALE HAVE HAD MAJOR PRICE REDUCTIONS> The seller owns the neighboring 3 parcels also shown in this drone. Assemblage would be to both west and east for a 4-parcel portfolio sale. This assemblage allows for a developer to acquire four parcels for a larger mixed-use development. Other parcels shown in drone are 927 W. Main Street, a vacant lot offered at $788,000 and 935 W. Main Street, a mechanics shop offered at $1,388,580 (listed, but off market as tenant has first right of refusal on Mechanics shop), and 939 W. Main Street, a vacant warehouse offered at $1,498,800. Seller is interested in a possible portfolio sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer looking for a larger project totaling just over 21,000 SF with all four lots combined. Portfolio is offered at a discounted price of $3,388,888. THIS IS THE FIRST TIME IN 40 YEARS ALL FOUR OF THESE PARCELS ARE FOR SALE.
Current appraisal in hand at list price! Regional Realty is pleased to exclusively market for sale a proposed single tenant sale leaseback (NNN) to CRT Plasma offering over a 7% cap rate. The proposed sale leaseback terms include a 15-year lease with 2.5% annual rental escalations throughout the primary term and four 5-year renewal options. The lease will be absolute triple net and feature no landlord responsibilities. The submarket boasts an extremely low vacancy rate of 3% according to CoStar. The practice is led by a Johns Hopkins-trained transfusion medicine specialist and has experienced strong success. Please inquire with broker for financial information. The 15,632-square-foot building is strategically located along Broadway, a primary thoroughfare with traffic exceeding 24,700 vehicles per day. Broadway hosts a wide range of major retailers, including Target, Food 4 Less, The Home Depot, Best Buy, ALDI, and Home Goods, as well as Parkway Plaza, a regional shopping center featuring Dick’s Sporting Goods, JC Penney, H&M, Regal Cinemas, Ashley, Bath & Body Works, and more. The property also offers close proximity to Interstate 8 (148,000 VPD) and CA-67 (100,000 VPD), enhancing accessibility. Situated in a densely populated area, the asset serves over 308,000 residents within a five-mile radius, with an average household income of $124,210.
El Cajon is located in California. El Cajon, California has a population of 106,043. El Cajon is more family-centric than the surrounding county with 34.09% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in El Cajon, California is $58,193. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in El Cajon is 34.8 years.
The average high temperature in July is 86.1 degrees, with an average low temperature in January of 43.7 degrees. The average rainfall is approximately 14.1 inches per year, with 0 inches of snow per year.
