Grand & Kalmia Center - Value Add Investment 201 E Grand Ave 15,806 SF 100% Leased Retail Building Escondido, CA 92025 $3,950,000 ($249.91/SF)

NAI Capital, as exclusive advisors to ownership, is proud to present for sale the Grand and Kalmia Center. This 100% leased multi-tenant asset is located in the opportunity zone of downtown Escondido, within the iconic Grand Avenue corridor. The investment consists of eight tenants, many of whom have been operating in the building for several years. The ground floor is restaurant anchored and the second floor is quasi-retail and office. The two-story corner property building is elevator served, well maintained, and had recent HVAC replacements. There is unrestricted parking on Grand Avenue, Kalmia Steet, and multiple parking lots in the immediate area that serve tenants and customers. The fully leased tenancy and lease structures is ideal for immediate cashflow and value-add potential.
201 East Grand Avenue is positioned at the heart of the Grand Avenue Vision Project, a fifteen-million initiative to transform downtown Escondido into a vibrant, pedestrian friendly hub. This effort will enhance foot traffic, improve pedestrian accessibility, and attract higher-quality tenants. The cities vision is to position downtown Escondido as a vibrant, high-demand community hub for retail, office, and dining.
The City of Escondido is also in the process of implementing its 2026–2030 Capital Improvement Program (CIP), a five-year multi-million-dollar plan that focuses on infrastructure improvements to improve quality of life, safety, and functionality of public services. Properties in this area will benefit from increasing demand, more retail traffic, and overall economic growth as Escondido evolves.
Minutes from the Grand and Kalmia Center, the Palomar Heights Development Project is in its final phase and is adding 510 residential units including apartments, rowhomes and senior housing. The project will also include about 12,000 square feet of commercial & office space.