American Group Realtors
Listed by American Group Realtors
$2,750,000
23 HEFFERNAN AVE CALEXICO
Details
APN 058-524-005-000
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 20,000
Units 2
Cap Rate 8.00%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Class A
Year Built 1940
Year Renovated 1986,1995,2006
Buildings 2
Stories 1
Lot Size (SqFt) 13,991
Zoning Commercial
Ground Lease No
Sale Condition 1031 exchange
Prime Value-Add Multi-Unit Asset | ±22,748 SF Building on 13,991 SF Lot
Marketing description
"This impressive 20,000+ square foot, two-story building is a prime retail location, situated on the corner of First Street as you enter the U.S. from Mexico. It is the very first building you see as you enter the USA. Located in a border-adjacent area, it sees an estimated 50,000 pedestrians crossing daily between Mexicali, Baja California, and Calexico, California. Currently under temporary retail leases, 80% of the space is dedicated to retail use. This exceptional property is perfect for a variety of ventures, as it is a landmark first impression on the border. Given its prime location and high foot traffic, you could consider a convenience store, a quick-service restaurant, a tourist gift shop, a bank or financial service, or even a pharmacy, or doctors offices.
Listing Contacts
American Group Realtors
Listed by American Group Realtors
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