2301 Highland AveNational City, CA 91950

  • Retail properties
  • 2,890 SF
For Sale
$1,999,999 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2301 Highland Ave, National City, California

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

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
$16,121
$800,000
$500,000
$1,300,000
-
-
-
-

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