2301 Highland AveNational City, CA 91950
- Retail properties
- 2,890 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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