5550 Lake Murray BlvdLa Mesa, CA 91942

Property Details for 5550 Lake Murray Blvd

Year built

2019

Lot size

1.17 AC

Property size (Sq ft)

5,735 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

464-090-22-00

APU

4640902200

Description

This exceptional ±9,234 square foot retail center, located in the highly desirable Lake Murray area of La Mesa within San Diego County, presents a unique investment opportunity. Currently, all three spaces are vacant, offering a total of ±9,234 square feet of readily available retail space. The flexible layout allows for a variety of uses, accommodating businesses ranging from smaller boutiques (approximately 1,200 square feet) to larger establishments (up to approximately 7,000 square feet). The property's location within a thriving neighborhood retail center ensures high visibility and accessibility for potential tenants. The center's overall size is approximately 9,234 square feet, providing ample space for multiple businesses to thrive. This presents a rare chance to establish a presence in a well-established and sought-after community. The property is categorized as both retail and restaurant-suitable, offering versatility for prospective tenants. The multiple tenancy structure allows for diverse business combinations, creating a vibrant and attractive retail environment. This is an excellent opportunity for investors or businesses seeking a prime location in a bustling San Diego County neighborhood. The available space is ready for immediate occupancy, making it an attractive option for businesses looking for a quick and efficient setup.

• CAP approach

  CAP return

  Valuation

  6%

  $1,767,158

  6.5%

  $1,631,223

  7%

  $1,514,707

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,338,998

  Geo Method

  $5,086,741

• Alternative Use

  Use

  Valuation

  Residential

  $1,375,998

  Hospitality

  $1,260,406

  Educational

  $1,048,643

  Medical

  $1,084,708

  Retail

  $1,631,223

Location Insight

City

La Mesa

County

San Diego

State

California

Latitude

32.7811

Longitude

-117.034

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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