1043 Main StEl Cajon, CA 92021

Property Details for 1043 Main St

Year built

1979

Lot size

2.37 AC

Property size (Sq ft)

42,700 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

488-380-38-00

APU

4883803800

Description

This exceptional 64,625 square foot retail center, situated on El Cajon's bustling Main Street, presents a prime opportunity for businesses seeking high visibility and strong foot traffic. The property is a grocery-anchored neighborhood shopping center, benefiting from the consistent draw of a major grocery store. Its strategic location within a densely populated trade area boasts over 40,000 residents within a one-mile radius, ensuring a substantial customer base. The center's convenient placement is further enhanced by its proximity to a strong residential base, government offices, and four schools all within a half-mile radius. Multiple tenancy options are available, with spaces ranging from a minimum of 2,400 square feet to a maximum contiguous space of 32,040 square feet. Currently, there is 25,500 square feet of vacant space ready for immediate occupancy. This is an ideal location for a variety of retail businesses seeking to capitalize on a thriving community and high consumer traffic. The property's established presence and strong demographics make it an exceptional investment opportunity. Don't miss this chance to secure your place in this vibrant retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $13,944,048

  6.5%

  $12,871,429

  7%

  $11,952,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,709,062

  Geo Method

  $37,873,380

• Alternative Use

  Use

  Valuation

  Residential

  $10,857,532

  Hospitality

  $9,945,441

  Educational

  $8,274,490

  Medical

  $8,559,062

  Retail

  $12,871,429

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.7943

Longitude

-116.946

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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