Listed by Marcus & Millichap - Los Angeles
$1,899,000
1825 E Vista Way
Details
APN 171-250-48-00
Property Type Retail
Sub Type Restaurant, Commercial
Square Footage 2,842
Units 1
Tenancy Vacant
Pro-Forma Cap Rate 5.24%
Pro-Forma NOI $99,470
Price per SqFt $668
Year Built 1974
Buildings 1
Stories 1
Lot Size (SqFt) 22,651
Zoning C-1
Parking Spaces 35 spaces
Parking Per SqFt 12.32
Investment Type Owner/User
Ownership Fee Simple
Retail | 2,842 SqFt
Marketing description
The azzi group of marcus and millichap is pleased to present the opportunity to acquire 1825 e vista way, a retail investment opportunity located in the highly desirable 92084 zipcode of vista.
Investment highlights
- Value-add freestanding retail building with operational flexibility: the property consists of a vacant 2,842 square foot freestanding Retail building situated on an oversized commercial Parcel with ample parking, offering investors or owner-users the opportunity to renovate and Reposition the asset for a variety of retail, restaurant, or service uses. Freestanding buildings provide operational flexibility without the constraints Commonly associated with multi-tenant retail centers.
- Owner-user or investor opportunity: the property is well-suited for an owner-user seeking to occupy and customize the building or an investor Looking to renovate and lease the asset to a retail or restaurant tenant.
- Oversized commercial Parcel with significant redevelopment optionality: the property is situated on an approximately 22,651 square Foot lot while the existing building totals only 2,842 square feet, creating low site coverage and providing flexibility for building expansion, site Reconfiguration, or potential redevelopment.
- Flexible commercial zoning (c-1): the property is zoned c-1 commercial, allowing a wide range of retail, restaurant, and service uses suitable For both owner-users and investors.
- Drive-thru retail or qsr conversion potential: the property’s large Parcel size and freestanding building configuration create Potential for drive-thru or quick-service restaurant conversion, subject to municipal approvals, making the site attractive to national and regional Restaurant operators.
- High visibility along e vista way: located along east vista way, a primary commercial corridor serving the vista community, the property Benefits from strong visibility, accessibility, and proximity to surrounding residential neighborhoods.
- Attractive San Diego county retail location: vista is located within the north county San Diego region, benefiting from strong population Growth, a diverse economic BASE, and continued demand for neighborhood retail and restaurant services. Benefits from strong visibility, accessibility, and Proximity to surrounding residential neighborhoods.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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