Rare opportunity to acquire a fully renovated, multi-tenant retail property in the heart of downtown Lemon Grove. The subject property consists of two ±750 SF suites (±1,500 SF total) on a ±3,265 SF lot, each with in-suite restrooms and separate entrances. The building was originally constructed in 1954 and substantially renovated in 2022. The property is 100% leased to established local tenants on leases running through 2027, providing immediate and stable cash flow. Current rents are $2,450 per month per suite, generating approximately $58,800 in annual gross income. Tenants pay all utilities, keeping expenses low for ownership. Located along Broadway, one of Lemon Grove’s primary commercial corridors, the property benefits from excellent street visibility and strong daily traffic exposure. A 96-space public parking lot is located directly behind the building with rear access for customers and tenants. The asset is positioned just two doors down from the newly completed Kelvin mixed-use development, featuring 66 luxury apartment units. This nearby project adds a built-in, higher-income customer base to the surrounding retail environment.
Amazing commercial/ light industrial purchase opportunity. This offer presents a unique property to build to suit your own business needs. Offering unparalleled zoning flexibility between mixed use, commercial and industrial usage to accommodate a wide range of businesses. Conveniently accessible and near the freeway this property ensures excellent exposure and accessibility. This portfolio is ideally located for industrial/ commercial operations and development. The subject offering is situated in a thriving commercial/industrial zone known for its dynamic business activities. Property was recently renovated with new electrical, plumbing, siding, laminate flooring, ceiling fans, modern shower, and roof
This property offers a substantial investment opportunity in a growing city. Priced at $3,990,000, it includes two retail stores, two one-bedroom apartments, and a detached single-family home. Built in 1950, the building covers 4,704 square feet and sits on a 0.53-acre commercial-zoned lot. In addition to diverse residential and commercial units, the property features a four-car garage and ample parking. Its mixed-use potential makes it attractive for investors seeking rental income and long-term growth as the area develops. Centrally located development in Lemon Grove Easy freeway access to both Highway 94 and 125 20 minutes from the Port of San Diego Retail/commercial opportunity for businesses Kelvin Building with 66 luxury apartments located across the street This property offers a substantial investment opportunity in a growing city. Priced at $3,990,000, it includes two retail stores, two one-bedroom apartments, and a detached single-family home. Built in 1950, the building covers 4,704 square feet and sits on a 0.53-acre commercial-zoned lot. In addition to diverse residential and commercial units, the property features a four-car garage and ample parking. Its mixed-use potential makes it attractive for investors seeking rental income and long-term growth as the area develops. Centrally located development in Lemon Grove Easy freeway access to both Highway 94 and 125 20 minutes from the Port of San Diego Retail/commercial opportunity for businesses Kelvin Building with 66 luxury apartments located across the street
This property offers a substantial investment opportunity in a growing city. Priced at $3,990,000, it includes two retail stores, two one-bedroom apartments, and a detached single-family home. Built in 1950, the building covers 4,704 square feet and sits on a 0.53-acre commercial-zoned lot. In addition to diverse residential and commercial units, the property features a four-car garage and ample parking. Its mixed-use potential makes it attractive for investors seeking rental income and long-term growth as the area develops. Centrally located development in Lemon Grove Easy freeway access to both Highway 94 and 125 20 minutes from the Port of San Diego Retail/commercial opportunity for businesses Kelvin Building with 66 luxury apartments located across the street
Lemon Grove is located in California. Lemon Grove, California has a population of 27,513. Lemon Grove is less family-centric than the surrounding county with 32.7% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Lemon Grove, California is $71,082. 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 Lemon Grove is 35.9 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 44.3 degrees. The average rainfall is approximately 12.5 inches per year, with 0 inches of snow per year.
