503 Mission AveEscondido, CA 92025

Property Details for 503 Mission Ave

Year built

1962

Lot size

0.42 AC

Property size (Sq ft)

2,373 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

229-171-29-00

APU

2291712900

Description

This exceptional retail property, located at 503 W Mission Ave in Escondido, California, 92025, offers a substantial 25,740 square feet of vacant space. The property is classified as a storefront retail building with multiple tenancy potential. The entire building is currently available for lease, presenting a unique opportunity for a single large tenant or multiple smaller businesses seeking a prominent location in a thriving area. The address is easily accessible and boasts high visibility, making it ideal for businesses seeking maximum exposure. With its expansive square footage, this property is suitable for a wide range of retail concepts, from large-format stores to a collection of smaller businesses. The building's size and layout offer significant flexibility for customization to meet specific tenant requirements. This prime location in Escondido, California offers excellent access to major transportation routes and a strong customer base. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to secure a significant retail presence in a desirable Escondido location. The property's size and location make it an exceptional investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $776,437

  6.5%

  $716,711

  7%

  $665,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $984,718

  Geo Method

  $2,104,766

• Alternative Use

  Use

  Valuation

  Residential

  $604,572

  Hospitality

  $553,785

  Educational

  $460,743

  Medical

  $476,588

  Retail

  $716,711

Location Insight

City

Escondido

County

San Diego

State

California

Latitude

33.1279

Longitude

-117.092

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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