For Sale
$2,300,000

7464 University Ave La Mesa, CA 91942

Owner-User Opportunity: Income Producing

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property in La Mesa, CA, offers 7,600 square feet of versatile space, combining retail and flex space with a warehouse component. Located at 7464-7468 University Avenue, this single-story building sits on a 12,544 square foot lot and boasts a 15'-16' ceiling height. The property features two suites: a 4,500 square foot industrial space with a showroom and an 840 square foot mezzanine, ideal for owner-occupancy, and a 3,100 square foot retail space currently leased for $8,500 per month, providing immediate income. The property includes 10' x 12' grade-level doors, potential for dock-high loading, and three electric meters. Its prime location on University Avenue (21,004 vehicles per day) benefits from high visibility via a pylon sign and convenient access to major highways (125, 94, and Interstate 8). Alley access is also available. The property is zoned C-D-MU and is surrounded by numerous amenities, including Grossmont Center, Costco, Target, Walmart, and Sharp Hospital, making it an attractive location for both businesses and customers. The asking price is $2,300,000. This presents a unique opportunity to acquire a well-located, income-producing property with significant upside potential. The short-term lease on the retail space offers flexibility for future expansion or occupancy. This property is a rare find in a thriving La Mesa location.

Property Details for 7464 University Ave

Property type
Retail properties, Mixed-use properties
Square Feet
7,600 SF
Stories
1

Location Insight

City
La Mesa
County
San Diego
State
California
Latitude
32.7584041
Longitude
-117.0369514

FAQs

What type of property is this?
Retail property - Owner-User Opportunity: Income Producing
Where is the retail property located?
The property is located at 7464 University Ave La Mesa, CA.
What is the asking price?
The asking price for this property is $2,300,000.
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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7464 University Ave
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