7103 BroadwayLemon Grove, CA 91945
- Retail properties
- 22,151 SF
Property Details for 7103 Broadway
- Year built
- 1971
- Lot size
- 2.16 AC
- Property size (Sq ft)
- 22,151 SF
- Zone code
- COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 479-070-17-00
- APU
- 4790701700
Description
Lemon Grove Square offers a prime retail space totaling 900 square feet, currently fully vacant and available for lease. This free-standing building is situated in a high-traffic area of Lemon Grove, at a busy intersection. The property's excellent location benefits from strong neighboring businesses, including established retailers such as Home Depot, Albertsons, and Food4Less, ensuring high visibility and foot traffic. This multiple-tenancy building provides an opportunity for a single tenant to occupy the entire 900 square feet, or it could be subdivided for multiple smaller tenants (subject to landlord approval). Current occupants of Lemon Grove Square include Dollar Tree, H&R Block, Postal Annex, and Eyeglass World, creating a diverse and established retail environment. The property is located in San Diego County and presents a unique chance for businesses seeking a prominent location within a thriving commercial area. The building's size and location make it ideal for a variety of retail uses. Interested parties are encouraged to inquire for lease terms and conditions. This is a rare opportunity to secure a highly visible retail space in a densely populated and commercially active area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,825,514
- 6.5%
- $6,300,474
- 7%
- $5,850,440
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,034,204
- Geo Method
- $19,647,148
-
Alternative Use
- Use
- Valuation
- Residential
- $5,314,686
- Hospitality
- $4,868,224
- Educational
- $4,050,305
- Medical
- $4,189,601
- Retail
- $6,300,474
Location Insight
- City
- Lemon Grove
- County
- San Diego
- State
- California
- Latitude
- 32.742
- Longitude
- -117.045
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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