1126 8Th StNational City, CA 91950

Property Details for 1126 8Th St

Year built

2019

Lot size

0.88 AC

Property size (Sq ft)

46,692 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

556-510-63-00

APU

5565106300

Description

This exceptional mixed-use retail property, known as The Kimball, presents a rare opportunity in the thriving National City, California market. Located at 1126 E 8th St, 91950, this strategically positioned building offers a total of 2,956 square feet of retail space, currently entirely vacant and available for lease. The property features two divisible units, with a minimum leasable area of 1,473 square feet and a maximum contiguous space of 1,483 square feet. The building is part of a larger development encompassing 47 residential units, ensuring a built-in customer base and high foot traffic. Situated in the heart of National City, near Highland Avenue, this corner location at 8th St & L Ave benefits from excellent visibility and accessibility. The Kimball enjoys a prime location within a major employment center, close to the San Diego Naval Air Station, numerous hotels, shopping centers, restaurants, and community parks. Public transportation is readily available, with several transit stops within walking distance. The property's proximity to established shopping centers like Highland Plaza Center, the strip center at 1415 E 8th St, and Plaza Towne Shopping Center further enhances its appeal and potential for success. This is an ideal opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area of San Diego County. The property's size and layout offer flexibility for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $14,387,472

  6.5%

  $13,280,743

  7%

  $12,332,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,043,160

  Geo Method

  $41,414,140

• Alternative Use

  Use

  Valuation

  Residential

  $11,202,804

  Hospitality

  $10,261,708

  Educational

  $8,537,621

  Medical

  $8,831,243

  Retail

  $13,280,743

Location Insight

City

National City

County

San Diego

State

California

Latitude

32.6788

Longitude

-117.095

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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