2018 Imperial AveEl Centro, CA 92243

Property Details for 2018 Imperial Ave

Lot size

0.79 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

064-450-048-000

APU

64450048000

Description

This exceptional redevelopment opportunity presents a 7,800 square foot vacant restaurant building situated on a 34,412 square foot lot in El Centro, California. Located at 2018 N Imperial Ave, this property boasts a prime location along a major retail corridor with approximately 145 feet of frontage, benefiting from high visibility and exposure to an estimated 30,000 vehicles per day at a signalized intersection. The building, previously a Golden Corral, was renovated in 2003 and offers significant potential for various uses, given its heavy commercial zoning. The property includes ample parking for 50 vehicles. Its strategic location within a dense retail hub places it in close proximity to major national retailers including Costco, Lowe's, Walmart, and Target, ensuring high foot traffic and brand recognition. The asking price is $2,180,000, representing a price per square foot of $279.49 and a pro-forma cap rate of 8.37%, with a pro-forma NOI of $182,520. The property's APN is 064-450-048-000. This is a rare chance to acquire a substantial property in a thriving retail area with significant upside potential. The property is less than half a mile from a high-performing Walmart Supercenter. This one-story building offers a flexible interior space ready for customization to suit a variety of business needs. The substantial lot size provides excellent signage opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $13,902,980

  6.5%

  $12,833,520

  7%

  $11,916,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,212,331

  Geo Method

  $30,522,218

• Alternative Use

  Use

  Valuation

  Residential

  $10,825,554

  Hospitality

  $9,916,149

  Educational

  $8,250,120

  Medical

  $8,533,854

  Retail

  $12,833,520

Location Insight

City

El Centro

County

Imperial

State

California

Latitude

32.8121

Longitude

-115.571

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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