202 Main StCalipatria, CA 92233

Property Details for 202 Main St

Lot size

0.85 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

023-252-008-000

APU

23252008000

Description

This exceptional commercial property in Calipatria, CA, presents a unique investment opportunity. Located at 202 Main St, 92233, this single-story building sits on a substantial 37,200 square foot lot, offering a total of 37,200 square feet of space. The building itself encompasses 9,800 square feet, including 3,300 square feet of climate-controlled retail/office space and a spacious 4,500 square foot indoor shop area. An additional 2,000 square feet of covered outdoor shop space provides further versatility. Currently owner-occupied, the property is available for immediate occupancy or leaseback, depending on terms. The property is securely gated and zoned for commercial use (APN: 023-252-008). Its strategic location in downtown Calipatria, just six miles from a geothermal facility, makes it ideal for various businesses, including those in energy/mineral extraction, automotive repair, construction, or agriculture. The property's ample space and prime location, coupled with its attractive asking price of $800,000 ($21.51/sq ft), offer significant return potential. Nearby amenities include fuel stations, grocery stores, hotels, and banks. This property is ready for immediate tenant improvement or immediate occupancy. The wide street access on Main Street provides excellent visibility and accessibility. Don't miss this chance to acquire a substantial commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $14,998,669

  6.5%

  $13,844,926

  7%

  $12,856,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,411,210

  Geo Method

  $32,927,666

• Alternative Use

  Use

  Valuation

  Residential

  $11,678,713

  Hospitality

  $10,697,638

  Educational

  $8,900,309

  Medical

  $9,206,405

  Retail

  $13,844,926

Location Insight

City

Calipatria

County

Imperial

State

California

Latitude

33.1261

Longitude

-115.511

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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