2301 Highland AveNational City, CA 91950

Property Details for 2301 Highland Ave

Year built

1958

Lot size

0.23 AC

Property size (Sq ft)

2,890 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

561-312-12-00

APU

5613121200

Description

This exceptional investment opportunity presents a 2,890 square foot, three-unit retail center located at 2301 Highland Avenue in National City, California, 91950. Built in 1958, this property boasts 100% occupancy with long-term tenants, ensuring a stable income stream. The asking price is $1,999,999, translating to a price per square foot of $692.04 and a compelling 4.24% cap rate. Situated on a busy National City thoroughfare, this storefront benefits from high visibility and significant foot traffic. Ample customer parking is available, and convenient freeway access enhances its appeal. The modified lease structure provides a flexible and potentially lucrative investment opportunity. This multi-tenant property offers a strong return on investment, making it an ideal addition to any portfolio. The property's prime location and consistent occupancy make it a highly desirable asset in a thriving commercial area. This is a rare chance to acquire a well-established, high-performing retail center in a desirable location. Don't miss this chance to secure a profitable investment in a robust market.

• CAP approach

  CAP return

  Valuation

  6%

  $890,512

  6.5%

  $822,011

  7%

  $763,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,178,676

  Geo Method

  $2,563,327

• Alternative Use

  Use

  Valuation

  Residential

  $693,397

  Hospitality

  $635,148

  Educational

  $528,436

  Medical

  $546,610

  Retail

  $822,011

Location Insight

City

National City

County

San Diego

State

California

Latitude

32.6651

Longitude

-117.093

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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