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269-291 E Lexington Ave 9,471 SF 100% Leased Office Building El Cajon, CA 92020 $3,950,000 ($417.06/SF)



Investment Highlights
- Located in the heart of downtown El Cajon near shops, dining, and civic amenities.
- Suites feature dedicated reception areas and private in-suite restrooms.
- Convenient access to Interstate 8 and public transportation options.
- Multi-tenant configuration supports diverse occupancy strategies.
- Includes 17 gated on-site parking spaces plus nearby street parking.
- Positioned within the Mixed-Use Overlay Zone and Downtown Master Design Plan.
Executive Summary
Located in the heart of downtown El Cajon, 269-291 E Lexington Ave presents an opportunity to acquire a multi-tenant office asset in one of East San Diego County's established commercial districts. The property is positioned within a walkable downtown environment surrounded by restaurants, retail services, civic amenities, and public transportation, creating convenient access for tenants, visitors, and future occupants.
The building is configured to support multiple tenants, with individual suites featuring dedicated reception areas and private in-suite restrooms. A gated parking area with 17 on-site spaces is complemented by nearby street parking, providing practical accessibility in a downtown setting. Its central location also offers convenient connectivity to Interstate 8 and the broader San Diego metropolitan area.
Beyond its current office use, the property's location within the Mixed-Use Overlay Zone and Downtown Master Design Plan enhances its long-term appeal. Investors and developers may benefit from future redevelopment or adaptive reuse possibilities, subject to applicable approvals and municipal requirements. The combination of existing income-producing office functionality and potential mixed-use positioning creates multiple pathways for ownership strategies.
Whether acquired as a stabilized investment, owner-user opportunity, or redevelopment candidate, this asset offers a compelling blend of downtown presence, accessibility, and future flexibility. Its proximity to the El Cajon Library, local businesses, dining establishments, and transit services further supports its role within a vibrant and active downtown environment.
The building is configured to support multiple tenants, with individual suites featuring dedicated reception areas and private in-suite restrooms. A gated parking area with 17 on-site spaces is complemented by nearby street parking, providing practical accessibility in a downtown setting. Its central location also offers convenient connectivity to Interstate 8 and the broader San Diego metropolitan area.
Beyond its current office use, the property's location within the Mixed-Use Overlay Zone and Downtown Master Design Plan enhances its long-term appeal. Investors and developers may benefit from future redevelopment or adaptive reuse possibilities, subject to applicable approvals and municipal requirements. The combination of existing income-producing office functionality and potential mixed-use positioning creates multiple pathways for ownership strategies.
Whether acquired as a stabilized investment, owner-user opportunity, or redevelopment candidate, this asset offers a compelling blend of downtown presence, accessibility, and future flexibility. Its proximity to the El Cajon Library, local businesses, dining establishments, and transit services further supports its role within a vibrant and active downtown environment.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
9,471 SF
Building Class
B
Year Built
1973
Price
$3,950,000
Price Per SF
$417.06
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,471 SF
Building FAR
0.40
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
O-P - Office- Professional also in a Mixed-Use Overlay Zone which allows for residential and mixed-use development options in existing commercial areas.
Parking
17 Spaces (1.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Central Heating
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
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Contact the Sale Advisor
269-291 E Lexington Ave

