For Sale
$625,046

Prospect AveSantee, CA 92071

Prime Santee location, high cap rate potential.

Overview

Added:
Feb 3
Days on market:
61
This exceptional investment opportunity in Santee, CA, presents two adjacent commercial parcels totaling 1.34 acres (58,369 sq ft). Parcel 1 (APN 384-410-76-00) encompasses 31,798 sq ft, while Parcel 2 (APN 3385-410-20-00) covers 26,571 sq ft. Both parcels benefit from preliminary FAA approval for storage/equipment parking, aligning with the Gillespie Field Overlay Zone and Light Industrial zoning. A triple net lease option is available at $8,500 monthly for both parcels, or individual lease rates of $3,719 (Parcel 1) and $4,451 (Parcel 2) are also possible. Convenient ingress and egress is provided on the west side, with potential east-side access. The property's location within the Gillespie Field Compatibility Zone ensures strategic development potential. Detailed zoning information can be found in the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112). Note that no structures can be built due to the Gillespie Community Land Use Plan and avigation easement. All information should be independently verified with the FAA, County of San Diego, and City of Santee. An adjacent parcel, previously approved for two single-family residences, may also be available for purchase. The total sales price for both commercial parcels is $625,046.

Property Details for Prospect Ave

Property type
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Santee
County
San Diego
State
California
Latitude
32.8305
Longitude
-117.0166
Prospect Ave, Santee, California

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Prospect Ave
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