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- LoopNet Team
2441 Scaroni Ave
Calexico, CA 92231
ReDevelopment Opp / Metro Theatre · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signalized Intersection
ABOUT 2441 SCARONI AVE , CALEXICO, CA 92231
Covered land play / Redevelopment opportunity. Current in-place income of $120,000 with Metropolitan Theatre through May, 2024. Future Upside with 4.86 Acres on 3 separate parcels. Potential to re-develop entire property and to maximize rents creating significant increased value & income. In addition, the potential to develop fast food PAD building fronting the theatre generating more income. Opportunity Zone location creating future tax benefits. Close to the Calexico / Mexico boreder, the 3rd busiest land port of entry in California with over 4 Million annual crossings. Located on major Highway 111 thoroughfare. Absolute NNN lease & income for 4 years.
