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33323774
22191682

927- 939 W Main Street, El Cajon, CA, El Cajon, CA 92020

LM
CA 02007808
Pacific Coast Commercial
Listed by Pacific Coast Commercial
$3,388,888
457 days on market
Updated 3 days ago

4-Parcel Assemblage for Mixed-Use Redevelopment

Details
APN 487-282-29-00, 487-282-21-00, 487-282-27-00, 487-282-28-00
Property Type Industrial, Office (+1)
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 21,000
Net Rentable (SqFt) 6,738
Units 3
NOI $102,300
Occupancy 90%
Tenancy Multi
Lease Type Modified
Rent Bumps No
Lease Options 0
Price per SqFt $161
Class C
Year Built 1950
Buildings 3
Lot Size (SqFt) 21,156
Zoning Commercial
Parking Spaces 50 spaces
Parking Per SqFt 2.38
Investment Type Redevelopment
Tenant Credit No Credit Rating
Ground Lease No
Ceiling Height 17
Sale Condition 1031 exchange

REDEVELOP with CITY DEVELOPER INCENTIVES, AB 2011 & SB 6 FOR INCREASED DENSITY on RESIDENTIAL

Marketing description

925,927, 935 and 939 W Main Street, El Cajon, CA 92020. 4 Parcels to be sold together for a larger redevelopment project. City of El Cajon, looking for redevelopment projects- Mixed-Use Development Opportunity for the Commercial Village on W Main Street, El Cajon. The Industrial to be replaced with Retail, Restaurant, Office and some units above. Great Signage on W Main Street. 927 W Main St (Vacant Lot) APN: 487-282-28-00 (Approx. 5,582 SF) 925 W Main St (Office) APN: 487-282-29-00 (Approx. 5,198 SF). Recent Renovations at 925 W Main St. New Roofing at 925 W Main Street. All have tenants M-M over a decade. Tenants pay sewer and water. For the developer ready to do a larger infill project the two lots to the west corner could be sold in a separate sale with same seller. This would make the total project area over 21,000 SF. See drone video to see other two parcels on corner of Millar Avenue and West Main Street. This transit district has the City of El Cajon looking for new developments to bring this to the retail, restaurant, office corridor near freeway, trolley, residential and existing businesses and retailers.

Investment highlights

  • MAJOR PRICE REDUCTION!! $3,388,888 from $4,900,000
  •  Investment Type: 4-Parcel Sale for Mixed-Use Development
  •  Lot Size: Approx. 21,000 SF
  •  APN’s: 487-282-27-00, 487-282-28-00, 487-282-29-00, 487-282-31-00
  •  Zoning: Commercial with Mixed-Use Overlay
  •  Sale Price: $4,900,000
  • 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
  • Video link of All 4 Parcels an Overview of Area : https://www.youtube.com/watch?v=z9MLuQjQLuI
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Listing Contacts

LM
CA 02007808
Pacific Coast Commercial
Listed by Pacific Coast Commercial

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$102,300.00
$8,525.00/mo

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