For Sale
$2,395,000

797 Main StEl Centro, CA 92243

El Centro, CA Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story medical office building, located at 797 W Main Street in El Centro, California, offers 15,960 rentable square feet on a 0.46-acre lot (APN 052-453-065-000). Currently zoned CO - Office Commercial, it's ideally suited for owner-users. The building boasts a strong 11.00% cap rate, with a current NOI of $124,488 and a pro-forma NOI of $262,728. The asking price is $2,395,000 ($150/sq ft). Strategically located in the heart of Imperial Valley, this property offers incredible visibility and signage opportunities on Main Street, with desirable dedicated covered parking. Its proximity to the Imperial County Superior Court (0.1 miles) and El Centro Regional Medical Center (1.3 miles), along with excellent I-8 Freeway access, enhances its appeal. The property benefits from high-credit tenancy with the State of California and Imperial County. Limited comparable properties are available in the market, making this a unique investment opportunity priced significantly below replacement cost. The building's medical office use is permitted.

Highlights

  • Prime Imperial Valley location.
  • 0.1 miles to Imperial County Superior Court.
  • 1.3 miles to El Centro Regional Medical Center.
  • Excellent I-8 Freeway access.
  • High visibility & signage on Main Street.
  • Dedicated covered parking.

Property Details for 797 Main St

Property type
Retail properties, Office properties
Square Feet
15,960 SF
Stories
2
Lot Size (sq. ft)
20,038 SF

Location Insight

City
El Centro
County
Imperial
State
California
Latitude
32.7925629
Longitude
-115.5610092
797 Main St, El Centro, California

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797 Main St
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