531 Encinitas BlvdEncinitas, CA 92024

This exceptional investment opportunity presents a 1,504 square foot office building located at 531 Encinitas Boulevard in Encinitas, California. The property is situated on a 0-acre lot and comprises two suites currently under lease. Suite 202, approximately 900 square feet, is leased to a Farmer's Insurance agent at a monthly rate of $1767. Suite 203, the remaining space, is leased for $1650 per month. Both leases are currently active and expire in June 2024, providing immediate cash flow for the new owner. The building offers a strong potential for future rental income increases upon lease renewal. Tenants are responsible for electricity costs, and there are associated Homeowners Association (HOA) fees. This property is an ideal investment for those seeking a stable, income-generating asset in a desirable Encinitas location. The current lease structure provides a solid foundation for immediate return on investment, with the potential for significant long-term growth. The property's location in Encinitas offers easy access to local amenities and a thriving business community. This is a turnkey opportunity to acquire a well-maintained and profitable office building. Serious inquiries only.