1231 Highland AveNational City, CA 91950
- Retail space
- 6,399 SF
Property Details for 1231 Highland Ave
- Year built
- 1960
- Lot size
- 0.31 AC
- Property size (Sq ft)
- 6,399 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 561-011-10-00
- APU
- 5610111000
Description
This exceptional retail property, located at 1231-1243 Highland Avenue in National City, California, 91950, offers 6,400 square feet of versatile space currently available for lease. The property is ideally suited for a variety of retail uses, particularly restaurants, given its prior use as a restaurant. The building is divisible, with a minimum leasable space of 1,200 square feet and a maximum contiguous space of 6,400 square feet, providing flexibility for businesses of different sizes. The entire 6,400 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy individual spaces. Convenient onsite parking is available for tenants and customers. The property's prime location in National City, California offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's flexible layout and ample parking make it an ideal choice for a variety of retail concepts. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,971,760
- 6.5%
- $1,820,086
- 7%
- $1,690,080
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,609,808
- Geo Method
- $5,675,685
-
Alternative Use
- Use
- Valuation
- Residential
- $1,535,311
- Hospitality
- $1,406,337
- Educational
- $1,170,056
- Medical
- $1,210,296
- Retail
- $1,820,086
Location Insight
- City
- National City
- County
- San Diego
- State
- California
- Latitude
- 32.674
- Longitude
- -117.097
- 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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