7103 BroadwayLemon Grove, CA 91945

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,433,110

  6.5%

  $5,015,180

  7%

  $4,656,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,728,400

  Geo Method

  $8,108,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,913,930

  Mixed-Use / Specialty

  $4,943,210

  Hospitality / Lodging

  $3,556,260

  Office

  $4,857,510

  Institutional / Educational

  $5,119,620

  Residential Income

  $5,989,950

  Multifamily

  $7,483,870

  Automotive / Energy

  $4,388,240

  Parking / Income-Based Land

  $1,567,770

  Restaurant / Food Service

  $2,455,570

  Healthcare / Senior Housing

  $5,124,640

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

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