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Investment Highlights
- Over 50,000 daily crossers
- First building as you enter and exit as pedestrian into and as you exit EUA
- perfect for pharmacy, retail or offices
Executive Summary
This impressive 20,000 + square foot, two-story building is a prime retail location, situated on the corner of First Street as you enter the U.S. from Mexico. It is the very first building you see, as you enter the USA. it is located in a border-adjacent area, it sees an estimated 50,000 pedestrians crossing daily between Mexicali, Baja California, and Calexico, California. Currently under temporary retail leases, 80% of the space is dedicated to retail use. This exceptional property is perfect for a variety of ventures, as it is a landmark first impression on the border. Given its prime location and high foot traffic, you could consider a convenience store, a quick-service restaurant, a tourist gift shop, a bank or financial service, or even a pharmacy
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Short Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
22,748 SF
Building Class
C
Year Built
1986
Price
$2,750,000
Price Per SF
$120.89
Percent Leased
8%
Building Height
2 Stories
Building FAR
1.63
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
Commercial - Given its prime location and high foot traffic, you could consider a convenience store, a quick-service restaurant, a tourist gift shop, a bank or fi
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 058-524-005-000 | Improvements Assessment | $1,167,328 |
| Land Assessment | $393,271 | Total Assessment | $1,560,599 |
Property Taxes
Parcel Number
058-524-005-000
Land Assessment
$393,271
Improvements Assessment
$1,167,328
Total Assessment
$1,560,599
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23 Heffernan Ave
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