6101 Lake Murray BlvdLa Mesa, CA 91942

Property Details for 6101 Lake Murray Blvd

Year built

1962

Lot size

4.81 AC

Property size (Sq ft)

41,700 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

485-220-02-00

APU

4852200200

Description

Village Shopping Center, located at 6101 Lake Murray Blvd in La Mesa, CA 91942, presents a unique opportunity for retail businesses seeking space in a well-established center. This single-story, Class B retail property, built in 1962, offers a total of 42,634 square feet, with 28,256 square feet currently vacant and available for lease. The minimum leasable space is 5,000 square feet, with a maximum contiguous space of 28,256 square feet, providing flexibility for various business needs. The property is zoned C and situated in the La Mesa submarket, benefiting from high visibility and convenient access. Ample parking is available with 271 spaces for customers and employees. This presents an excellent chance to establish or expand a retail presence in a thriving community. The property's location on Lake Murray Boulevard ensures high traffic volume and strong visibility. The large contiguous space available makes it ideal for a variety of retail concepts. Interested parties should inquire about lease terms and conditions. The property's substantial parking provision ensures convenient customer access. This is a rare opportunity to secure significant retail space in a desirable La Mesa location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,849,259

  6.5%

  $11,860,854

  7%

  $11,013,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,007,190

  Geo Method

  $36,986,416

• Alternative Use

  Use

  Valuation

  Residential

  $10,005,074

  Hospitality

  $9,164,594

  Educational

  $7,624,834

  Medical

  $7,887,064

  Retail

  $11,860,854

Location Insight

City

La Mesa

County

San Diego

State

California

Latitude

32.7899

Longitude

-117.02

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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