Blended 7.73% Cap Rate on actual numbers. County has been a tenant since 1998. The County has expressed an interest in extending the current lease.
There are 3 buildings and they have been used for offices and warehouse.
Approved Tentative Map, for 12- 2BR/ 2 1/2 BA Units with Garages
- 3,604 sf Total: Retail space 1,890 sf / Warehouse 1685 sf - Business Income and Expense provided upon request - 10 on-site parking spaces - High Daily Car Count: 49,797 daily average
33,276 SFPrice Upon Req.
Abundant Parking Well Maintained Upside Potential Great for Owner/User Potential Redevelopment Monument Signage
Ideal multi-family development adjacent to residential neighborhood in Lemon Grove. This 22,216 SF vacant lot is currently zoned for up to 29 units.
6,976sf Fenced Lot Available for Sale! Approximately 4,202sf of Office and Warehouse Space. 3,866sf is Total Permitted Space. Total Downstairs Space is 2,768sf. West Mezzanine is Permitted and Unfinished 636sf. East Mezzanine is 798sf of Finished Space of which 336sf is Unpermitted. Total Mezz. Space is 1,434sf. Two Bathrooms, Washer/Dryer and Shower. Upstairs Bathroom Unpermitted. Heavy Commercial Zoning which allows for Building Services, Construction Supplies & Equipment, Manufacturing, Moving & Storage, Vehicle Sales, Rentals & Repairs, Warehousing etc.
7,580 Square Feet Available Currently 3 Tenants in the Building: Dollar Store, Silverstone Flood, and Lawn Mower Shop Currently Generating Approximately $7,100 in Monthly Revenue With Tenants Paying all Utilities Part or Possibly the Entire Building can be Available for Owner-User or Tenant Excellent Owner User, Investment, and/or Development Opportunity
SELLER IS VERY MOTIVATED...SEND ANY OFFER...CENTRALLY LOCATED, MULTI-USE ON THE CORNER OF BROADWAY & GROVE IN THE BUSINESS DISTRICT OF LEMON GROVE. PROPERTY CONSISTS OF TWO (2) WELL ESTABLISHED INDIVIDUAL RETAIL STORE FRONTS (MEAT MARKET, PET STORE). ABOVE IS TWO (2) APARTMENTS. IN THE BACK SITS A PRIVATE 2 BEDROOM, 1 1/2 BATH SINGLE FAMILY HOME.
Size Upon Req.$440,000
Approximate 1,440 SF Building, 15,000 SF Parcel Size, Heavy Commercial Zoning (HC) per the City of Lemon Grove, Potential Freeway Signage