1231 Highland AveNational City, CA 91950

  • Retail properties
  • 6,399 SF
For Lease

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 properties
Property subtype
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
1231 Highland Ave, National City, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,030
$144,258
$160,093
$304,351
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-
-
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