520 2Nd StEl Cajon, CA 92021

Property Details for 520 2Nd St

Year built

1965

Lot size

2.70 AC

Property size (Sq ft)

19,136 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Community centers

APN

489-310-15-00

APU

4893101500

Description

Madison Plaza, a prime retail shopping center located at 520-580 2nd Street in El Cajon, California (zip code 92021), presents a unique opportunity for businesses seeking high-visibility space in San Diego County. This exceptional property boasts a total building area of 6,510 square feet, currently entirely vacant and ready for immediate occupancy. The flexible layout allows for multiple tenancy options, with spaces ranging from a minimum of 2,898 square feet to a maximum contiguous space of 3,612 square feet. This makes it ideal for a variety of retail concepts, from single large tenants to multiple smaller businesses. The property's strategic location in El Cajon offers excellent access to a thriving local community and significant foot traffic. The address is easily accessible from major roadways, ensuring high visibility and convenient access for customers. This is a rare chance to secure a substantial retail space in a desirable location within a well-established shopping center. The entire 6,510 square feet is available, providing an exceptional opportunity for a business seeking significant space in a high-traffic area. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,249,826

  6.5%

  $5,769,070

  7%

  $5,356,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,936,610

  Geo Method

  $16,972,950

• Alternative Use

  Use

  Valuation

  Residential

  $4,866,426

  Hospitality

  $4,457,620

  Educational

  $3,708,688

  Medical

  $3,836,235

  Retail

  $5,769,070

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.8008

Longitude

-116.937

CBSA code

41740

CBSA name

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

Property Tax & Assessments

FAQs

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