927 W Main St, El Cajon, CA 92020

$1,600,000
List Price
$1,600,000
Price Change
▲ $300,000 1642052375
Status
ACTIVE
MLS#
200048462
Lot Location
Level
Days on Market
466
Property Type
Commercial

Property Description

2 parcels for sale for redevelopment in new Green Street Gateway on Transit District of El Cajon. These lots must be sold together per the City of El Cajon for mixed use project of retail & restaurants ground level with some units above. SEE El Cajon's new plans for redevelopment requirements. Great location right off of HWY 8 on W Main St. This area is to be redeveloped to create a walking district similar to that of North Park. City wants to see a pedestrian friendly development of shops and restaurants to suit the needs of nearby dealership employees, neighborhoods and local businesses. Bring your developers to see the great location. These two parcels have tenants for over a decade and $5700/month in combined income. City recently upgraded the sewer and water pressure underground directly in front of these parcels to better suit the needs of upcoming business and population to come. Buyer and Agent to do their due diligence on all City Upgrades, Development Requirements and all claims. These lots must be sold together per the City of El Cajon and are for mixed use project of retail & restaurants ground level with some units above. SEE El Cajon's new plans for redevelopment requirements. Great location right off of HWY 8 on W Main St. GREEN STREET GATEWAY OF EL CAJON, NEW TRANSIT DISTRICT. See City of EL CJAJON's Planning Dept for overview and requirements on City Website. 2nd APN: 487-282-29-00 approx. a 5,198 Sf Lot with approx. a 1,650 sf building built in 1950. APN 487-282- 28-00 vacant lot is approx. 5,582 sf according to tax records. THE TWO LOTS TOGETHER ARE APPROX. 10,780 SF FOR A NICE PROJECT WITH SOME M-M TENANT INCOME. TOGETHER BOTH TENANTS ARE PAYING $5,700/M. TENANT PAYS WATER AND SEWER.

Additional Information

Attached Structure
Detached

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Listing courtesy of Listing Agent: Lesha Montoya from Listing Office: Pacific Coast Commercial

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.