460 W State St 5,694 SF Retail Building El Centro, CA 92243 $699,999 ($122.94/SF)

Presenting 460 W State St, a versatile 5,694 SF freestanding retail building situated on a generous 0.40-acre lot in the heart of El Centro’s "CD" (Commercial Downtown) zone. This property offers a rare "dual-track" investment strategy: occupy a high-visibility retail showroom immediately, while simultaneously executing a value-add expansion.
With plans already drawn and awaiting final approval for the addition of professional office condos at the rear of the site, this property is poised to transition from a single-tenant building into a diversified commercial hub.
Showroom: The existing 5,694 SF structure features an open-concept layout, perfect for retail, a high-end showroom, or a creative office conversion.
Strategic Expansion: Take advantage of the existing blueprints to develop office condominiums on the back portion of the lot. This allows an owner to either sell the units for immediate capital recovery or lease them out for long-term passive income.
Historic Character, Modern Potential: Originally built in 1950, the building offers the structural integrity and "bones" that modern tenants crave, combined with the flexibility of Downtown El Centro's favorable zoning.
460 W State St sits in a high-traffic corridor characterized by strong daytime population and local commerce.
Downtown Hub: Located in the civic and commercial heart of El Centro, the property benefits from proximity to government offices, legal services, and local dining.
Regional Accessibility: El Centro serves as the primary retail and business engine for the Imperial Valley. The property’s location provides easy access to I-8 and is just minutes from the U.S.-Mexico border, tapping into a massive binational consumer base.
Evolving Community: As El Centro continues to modernize its downtown core, properties with "CD" zoning are becoming increasingly coveted for mixed-use and professional service developments.
Investment vs. Owner-User Versatility
For the Owner-User: Eliminate your rent expense and build equity in a flagship location. Use the front for your primary operations and let the future rear office condos pay for your mortgage.
For the Investor: Buy at a competitive price point of $699,999 and "manufactured appreciation" by completing the office condo project. The split-risk model of retail + office condos provides a defensive hedge against market shifts.
The seller is willing to consider creative financing options for qualified buyers. This is an ideal solution for an owner-user who may be waiting for SBA traditional lending or an investor looking to preserve capital for redevelopment."