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Former GTM Discount & Jo Ann's Fabric 7663-7667 Broadway 39,616 SF Vacant Retail Building Lemon Grove, CA 91945 For Sale
INVESTMENT HIGHLIGHTS
- Long Established Retail Anchor Space with prominent visibility.
- Property access from four streets (all sides of the block); 140 on-site parking spaces.
- Additional Quick Service Restaurant on property corner.
- Desirable demographics and attractive destination location.
- Dock high and grade level loading at building rear.
EXECUTIVE SUMMARY
Long standing retail center with close proximity to Highway 94 and strong income/population demographics. Originally built as a supermarket of 28,000 square feet with a mezzanine of 5,053 square feet, an additional 11,616 sf was added (total 39,616 sf plus 5,053 sf mezzanine). The property is an assemblage of two parcels, with access from Broadway, Olive Street, Buena Vista Ave and Pacific Ave, comprising 2.85 acres (124,146 sf of land). The building has electrified signage both on the building facade and on the monument pylon; abundant on-site parking of 140 spaces with five light standards. The rear access accommodates large delivery vehicles for unloading at two dock areas; the wide pit dock has a platform for entry via the roll up door and the street level dock unloads into the 6-foot-wide double door entry to the mezzanine. The retail floor can be demised into two spaces or remain as one large space (the original demising wall opens to join the two sides, both of which have 18-foot-high ceilings). Three electrical meters service the main building; fire sprinklers throughout. The free-standing corner quick service restaurant, Cotija's, has 1,622 square feet with attractive indoor/outdoor seating and a walk-up window.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
39,616 SF
Building Class
C
Year Built/Renovated
1952/1993
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.53
Lot Size
1.71 AC
Zoning
GC, Lemon Grove - General Commercial
Parking
140 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
492’ on Broadway
AMENITIES
- Corner Lot
- Mezzanine
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
-
$9.99
-
Jan 0000
GTM has been voted San Diego’s Number One Discount Store and continues to offer thousands of values to customers by selling quality items at a discount. GTM buys overstocks, closeouts and discontinued national brand merchandise from large chain retailers and wholesalers and resells them at huge savings to you. GTM has well staffed stores, where employees are trained to offer a pleasant, rewarding and exciting shopping experience. With truck loads arriving daily, GTM stocks thousands of items with new bargains available every time you shop.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | $9.99 | Jan 0000 |
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,495,071 | |
| Land Assessment | $1,618,729 | Total Assessment | $3,113,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,618,729
Improvements Assessment
$1,495,071
Total Assessment
$3,113,800
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Former GTM Discount & Jo Ann's Fabric | 7663-7667 Broadway
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