11007 Woodside AveSantee, CA 92071

Property Details for 11007 Woodside Ave

Year built

1973

Lot size

0.72 AC

Property size (Sq ft)

4,587 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

381-086-01-00

APU

3810860100

Description

This exceptional Santee, CA commercial property presents a unique ground lease opportunity for multiple tenants. Located at 11007 Woodside Ave, 92071, this ±0.72-acre corner lot (31,363 sq ft) boasts high visibility and freeway access, making it ideal for retail and restaurant businesses. The existing ±2,400 sq ft building, available for the first time in 20 years, features multiple ingress/egress points from Woodside Avenue, Shadow Hills Rd, and an alleyway, perfectly suited for a drive-thru operation. The property includes 32 parking spaces and is zoned NC - Neighborhood Commercial (refer to Title 13 Zoning for details). Three additional pad sites (approximately 713-1,628 RSF each) are available for development, with potential uses including additional retail or a car wash. The property's strategic location across the freeway from a new 291,000 sq ft research and development building promises high traffic and a strong customer base. Six driveways provide convenient access, and the property benefits from its proximity to residential neighborhoods and a lack of nearby food and beverage options. Market rent ground leases are available. The APN is 381-086-01-00. This is a rare opportunity to establish a thriving business in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,498,300

  6.5%

  $1,383,046

  7%

  $1,284,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,902,515

  Geo Method

  $4,068,506

• Alternative Use

  Use

  Valuation

  Residential

  $1,166,651

  Hospitality

  $1,068,646

  Educational

  $889,101

  Medical

  $919,679

  Retail

  $1,383,046

Location Insight

City

Santee

County

San Diego

State

California

Latitude

32.8445

Longitude

-116.958

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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