1900 Sunset DrEscondido, CA 92025

Property Details for 1900 Sunset Dr

Year built

1979

Lot size

0.35 AC

Property size (Sq ft)

7,326 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

236-313-01-00

APU

2363130100

Description

This exceptional commercial property at 1900 Sunset Drive, Escondido, CA, offers over 7,326 square feet of mixed-use space on a 0.61-acre lot. Its prime location at the corner of South Escondido Boulevard and Sunset Drive ensures maximum visibility. The property consists of two parcels: a main building with 11 retail/office units currently fully leased, and a separate paved parking lot. This presents a unique opportunity for both owner-users and developers. The main building's versatile space is ideal for a variety of uses. The property's zoning offers significant redevelopment potential. Parcel APN 236-313-0100, encompassing the main building, falls within the South Centre City Specific Planning Area (SPA 15), Escondido Boulevard District, designated for mixed-use development. The adjacent parking lot, APN 236-313-0200, is situated in a General Commercial Zone. The ample parking caters to the existing tenants and provides flexibility for future development. The property's size and location make it suitable for a range of uses, including but not limited to schools, daycare centers, or adult education facilities. This is a rare opportunity to acquire a substantial commercial property in a thriving Escondido location with significant upside potential. The asking price is $2,299,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,396,784

  6.5%

  $2,212,416

  7%

  $2,054,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,039,958

  Geo Method

  $6,497,901

• Alternative Use

  Use

  Valuation

  Residential

  $1,866,256

  Hospitality

  $1,709,480

  Educational

  $1,422,268

  Medical

  $1,471,182

  Retail

  $2,212,416

Location Insight

City

Escondido

County

San Diego

State

California

Latitude

33.1015

Longitude

-117.07

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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