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641-643 El Cajon Blvd 792 SF 100% Leased Retail Building El Cajon, CA 92020 $595,000 ($751.26/SF) 7% Cap Rate
Executive Summary
Excellent opportunity to acquire a well-located commercial property at 641-643 El Cajon Boulevard in San Diego. The property offers a unique opportunity for an owner-user or investor to acquire a commercial asset in a highly active and rapidly evolving area. Ideally positioned along El Cajon Boulevard with strong visibility and convenient access to major highways, the property is well suited for a variety of commercial uses. The property provides excellent potential for an investor looking to capitalize on the continued growth and redevelopment of the surrounding North Park and University Heights submarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
792 SF
Building Class
C
Year Built
1955
Price
$595,000
Price Per SF
$751.26
Cap Rate
7%
NOI
$41,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C
Frontage
39’ on El Cajon Blvd
Amenities
- Fenced Lot
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 487-512-02 | Improvements Assessment | $193,800 |
| Land Assessment | $306,000 | Total Assessment | $499,800 |
Property Taxes
Parcel Number
487-512-02
Land Assessment
$306,000
Improvements Assessment
$193,800
Total Assessment
$499,800
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