Closed
6425 El Cajon Blvd
San Diego CA, 92115
$1,295,000
Closed
Commercial
Built in 1974
Listed by Jason Kardos with Mt. Helix Lifestyles R.E. Serv 619-303-2826
Introducing a Prime Investment Opportunity in the College area of San Diego We are thrilled to present this masonry, single story freestanding commercial building for sale on a high traffic street with 75 FT of storefront on El Cajon Blvd. With approximately 20,000 vehicles per day, this CUPD-CU-2-3 zoned property allows many retail/commercial uses. Consisting of two separately electric metered addresses at 6425 and 6435 El Cajon Boulevard in the vibrant city of San Diego, California. This two-unit building offers an excellent investment prospect for those seeking a property in the path of redevelopment that has multiple income streams. Building spaces are all on month to month leases, with the smaller 1,780 SF Beauty Salon space and the larger 3,800 SF Print Shop space which has room to sublease or for a new owner to occupy. Building FAR is .085. Building owner pays for these fees: bi-monthly water approximately $165, building insurance for $2,500 a year, and property taxes of $11,713.40 year. Close to bus route 1 from Fashion Valley to La Mesa. This ideal location is surrounded by numerous current and future development sites, diverse tenant mix, and proximity to exciting growing San Diego State University/College Area opportunities. This property is a true gem. Prime Location: Situated on El Cajon Blvd., a prominent thoroughfare in San Diego, this property benefits from high visibility and a constant flow of traffic. The surrounding area is teeming with new redevelopment projects, making it an opportune time to invest in this burgeoning neighborhood. Diverse Tenant Mix: The building currently houses a well-established hair salon and print shop, ensuring a steady and reliable income stream. The existing tenants have built a solid customer base, which adds value to this investment and presents an opportunity for future growth. Potential for Expansion: With two units available, there is flexibility for various business types or the possibility of leasing out the second unit for additional income. This adaptable space can accommodate a range of commercial ventures, allowing owners to tailor the property to their specific investment goals. Proximity to San Diego State University: The building's close proximity to San Diego State University offers a tremendous advantage. The university attracts a large student population, faculty, and staff, providing a built-in customer base for businesses in the area. This captive audience ensures consistent foot traffic and a steady demand for goods and services. Strong Growth Potential: The surrounding neighborhood is undergoing extensive redevelopment, presenting numerous opportunities for future growth and increased property values. Investing in this area now allows for the potential to capitalize on the continued revitalization and transformation of the community. Don't miss out on this exceptional investment opportunity in San Diego! With its prime location, diverse tenant mix, and proximity to redevelopment projects and San Diego State University, this two-unit commercial building is a smart choice for investors looking to secure a solid return. Contact us today to arrange a viewing and make this property yours.
230023820SD
MLSⓇ ID
December 11, 2023
Listed
May 9, 2024
Updated
Map
6425 El Cajon Blvd
San Diego CA, 92115
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
See Remarks
Exterior/Building Features
Lot Size
0.14 Acres
Other Property Details
Area Name
92115 - San Diego
Garage
No
Parking Total
0
View
No
County
San Diego
Pool
No
Zoning
COMMERCIAL
Buyer Agency Compensation
2.25%
Listing History
Date | Event | Price |
---|---|---|
1/13/2024 | Price Change | $1,295,000 -4% |
1/13/2024 | Sold | $1,295,000 |
Listing Contact: 619-303-2826
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 12:13 PM UTC