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31783650
31783651

8306 Highway 79, Descanso, CA 91916

BG
CA 1191461, 01191461
Sandbar Realty Group
Listed by Sandbar Realty Group
$2,250,000
44 days on market
Updated 44 days ago

8306 Highway 79

Details
APN 409-021-03-00, 409-021-04-00
Property Type Mixed Use, Retail (+1)
Sub Type Bar, Storefront (+1)
Square Footage 6,158
NOI $59,000
Tenancy Multi
Price per SqFt $365
Year Built 1925
Stories 2
Acreage 1.120
Zoning C36
Parking Spaces 65 spaces
Parking Per SqFt 10.56
Investment Type Owner/User

Mixed Use | 6,158 SqFt

Marketing description

Strategically positioned along a high-traffic corridor serving Julian, Lake Cuyamaca, and Mount Laguna, the property benefits from consistent year-round visibility and limited direct competition in the immediate trade area. The on-site restaurant draws a loyal, repeat clientele further supported by steady destination traffic passing through the region.

The property currently generates $59,000 in annual rent from three tenants. The restaurant — the fourth occupant — operates rent-free under current ownership, but carries an estimated market rent of $42,000 per year, placing potential Gross Scheduled Income at $101,000 annually.

Since 2022, ownership has invested $152,000 in targeted capital improvements across the event center, tenant spaces, on-site residence, and parking (65 spots with plans to expand to 88; ADA in process).

The property is almost entirely zoned C36, with a minor boundary adjustment pending that will result in uniform C36 zoning across the entire site. No existing structures or tenants are affected.

Investment highlights

  • Highway 79 Frontage - High-visibility corridor with direct roadway exposure.
  • Destination Traffic - Year-round flow to Julian, Lake Cuyamaca, and Mount Laguna.
  • Limited Competition - Sparse direct competition in the immediate trade area.
  • ± 1.12 Acre Footprint - Two APNs; parking expansion in progress (from 65 to 88 spaces).

Listing Contacts

BG
CA 1191461, 01191461
Sandbar Realty Group
Listed by Sandbar Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$59,000.00
$4,916.67/mo

Valuation Metrics

0
DSCR
2.62%
Cap Rate
2.62%
ROI

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Additional Information

Name
Bryan Gonzales
License
1191461
Brokerage
Sandbar Realty Group
Title
Broker of Record
Brokerage Address
2888 Loker Ave E, #110, Carlsbad, CA 92010
Name
Bryan Gonzales
License
1191461
Brokerage
Sandbar Realty Group
Brokerage Phone
760.563.5544
Title
Real Estate Broker
Brokerage Address
2888 Loker Avenue East
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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