For Sale
$2,295,000

685 El Cajon Blvd El Cajon, CA 92020

Value-add retail property, strong income.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 5,956 square foot freestanding retail property, situated on a 0.21-acre lot (10,008 sq ft) in El Cajon, CA, presents a compelling value-add investment opportunity. Built in 1975 and renovated in 2021, the single-story building features three units currently generating income via net-lease agreements. The property boasts excellent visibility from El Cajon Boulevard and convenient access to Interstate 8, ensuring high traffic and exposure. Features include a dedicated fenced and secured rear parking area, plus street parking in front, minimizing management responsibilities. The property is divisible, equipped with five separate electricity meters and gas service, and benefits from a recently updated roof and fresh paint. Zoned C-G General Commercial, this well-maintained asset offers potential for increased income through additional leasing or property improvements. The property's location within an Opportunity Zone adds further investment appeal. This is an ideal opportunity for owner-users seeking existing income or investors looking for a strong return. The asking price is $2,295,000.

Highlights

  • $2,295,000 asking price for a value-add retail investment opportunity.
  • 5,956 square foot freestanding commercial building on a 0.21-acre lot in El Cajon, CA.
  • Three-unit property with existing income and potential for additional revenue; all tenants on NNN leases.
  • Features include secured rear parking, street parking, and excellent visibility from El Cajon Boulevard.
  • Low-maintenance property with recent renovations (new roof and paint), divisible space, and five separate electricity meters.
  • Convenient location with easy access to Interstate 8 and situated in an Opportunity Zone.

Property Details for 685 El Cajon Blvd

Property type
Retail properties, Storefront properties
Square Feet
5,956 SF
Year Built/Renovated
1975/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
9,148 SF
Units
3

Location Insight

City
El Cajon
County
San Diego
State
California
Latitude
32.788319276185
Longitude
-116.97412920907

FAQs

What type of property is this?
Retail property - Value-add retail property, strong income.
Where is the retail property located?
The property is located at 685 El Cajon Blvd El Cajon, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: $2,295,000 asking price for a value-add retail investment opportunity.; 5,956 square foot freestanding commercial building on a 0.21-acre lot in El Cajon, CA.; Three-unit property with existing income and potential for additional revenue; all tenants on NNN leases.
How can I contact the broker?
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685 El Cajon Blvd
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