For Sale
$3,990,000

7968-70 Broadway Lemon Grove, CA 91945

Prime location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use property in Lemon Grove, CA, presents a compelling redevelopment opportunity. Priced at $3,990,000, this 4,700 square foot property sits on a 0.53-acre lot with Commercial zoning. The 1950-built structure, renovated 10 years ago, comprises two buildings and features two retail stores, two one-bedroom apartments, and a detached single-family home. The property boasts 17 parking spaces, including a four-car garage, and enjoys 100% occupancy. Its strategic location offers easy access to Highways 94 and 125, and is conveniently situated within 20 minutes of the Port of San Diego. The property's diverse income streams, combined with its central location in a growing city and proximity to the Kelvin Building (a 66-unit luxury apartment complex across the street), make it an attractive investment for those seeking both immediate rental income and long-term appreciation. The five units are spread across two stories. The property's Class C designation and gross lease type provide further investment considerations. This is a rare opportunity to acquire a substantial mixed-use asset with significant upside potential in a thriving San Diego County location. The APN is 480-131-06-00.

Highlights

  • Centrally located Lemon Grove mixed-use development.
  • Easy freeway access via Highways 94 and 125.
  • 20-minute proximity to the Port of San Diego.
  • Retail and commercial investment opportunity.
  • Across the street from the 66-unit Kelvin luxury apartment building.

Property Details for 7968-70 Broadway

Property type
Retail properties, Mixed-use properties
Square Feet
4,700 SF
Class
C
Year Built/Renovated
1950/10
Buildings
2
Stories
2
Lot Size (sq. ft)
23,087 SF
Units
5

Location Insight

City
Lemon Grove
County
San Diego
State
California
Latitude
32.743167
Longitude
-117.027007

FAQs

What type of property is this?
Retail property - Prime location, high ROI potential.
Where is the retail property located?
The property is located at 7968-70 Broadway Lemon Grove, CA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Centrally located Lemon Grove mixed-use development.; Easy freeway access via Highways 94 and 125.; 20-minute proximity to the Port of San Diego.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7968-70 Broadway
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