7224 BroadwayLemon Grove, CA 91945

Property Details for 7224 Broadway

Year built

1999

Lot size

1.93 AC

Property size (Sq ft)

16,282 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

479-041-18-00

APU

4790411800

Description

This exceptional 16,282 square foot retail space is available for lease at 7224 Broadway in Lemon Grove, California. Situated on a generous 1.93-acre lot, this single-tenant property offers unparalleled visibility and ample space for a variety of commercial uses. The building is currently entirely vacant, presenting a unique opportunity for a business to establish a significant presence in a thriving San Diego County community. With a convenient location in Lemon Grove, 91945, this property boasts excellent access to major transportation routes, ensuring high traffic flow and customer accessibility. The ample parking, calculated at 4.3 spaces per 1,000 square feet, comfortably accommodates customers and employees. The property's size and location make it ideal for a wide range of retail businesses seeking a prominent and easily accessible location. This is a rare opportunity to secure a substantial retail space in a desirable area with significant potential for growth and success. The property is zoned for commercial use and is ready for immediate occupancy. Interested parties are encouraged to inquire for further details and leasing information. The property's location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the Lemon Grove market. The large lot size provides ample space for potential expansion or outdoor amenities. This is a prime opportunity for a business looking to establish a significant footprint in a growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,017,066

  6.5%

  $4,631,138

  7%

  $4,300,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,640,554

  Geo Method

  $14,441,554

• Alternative Use

  Use

  Valuation

  Residential

  $3,906,538

  Hospitality

  $3,578,368

  Educational

  $2,977,160

  Medical

  $3,079,549

  Retail

  $4,631,138

Location Insight

City

Lemon Grove

County

San Diego

State

California

Latitude

32.7433

Longitude

-117.042

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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