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Fully Approved Retail Redevelopment | La Mesa 8923 La Mesa Blvd 2,743 SF 100% Leased Office Building La Mesa, CA 91941 $3,995,000 ($1,456.43/SF)
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Tremendous investment opportunity, with city-approved redevelopment to include a 3rd-story restaurant and bar, coupled with the existing rent revenue.
- Approved for the potential redevelopment of the site to expand the existing building to 3 stories, with 6,197 SF of modern retail and office space.
- Affluent trade area with an average household income of over $110,000 within 1 mile, providing strong support for almost 2,000 businesses in the area.
- Supported by a strong intersection average daily traffic (ADT) of 43,450, with 22,643 ADT on La Mesa Boulevard and 20,807 ADT on Grossmont Boulevard.
- Redevelopment plans include a rooftop restaurant and bar, with full liquor license capability, and outdoor seating.
EXECUTIVE SUMMARY
This is an exclusive, unique, and rare opportunity to purchase the existing two-story retail and office building at 8923 La Mesa Boulevard, La Mesa, California. After 4+ years in the entitlement process, the property owners have recently obtained formal city council approval for the potential redevelopment of the site to expand the existing building to 3 stories, approximately 6,147 total building square feet (1st floor – 1,873 square feet, 2nd floor – 2,174 square feet, 3rd floor – 2,100 square feet) including a roof-top restaurant and bar, with full liquor license capability, and outdoor seating.
The respective redevelopment opportunity lies upon three separate parcels of land, with a total of 18,806 square feet (0.44 acre). The existing retail and office building is 2,743 square feet, with three tenants, including a salon run by an owner/operator, a dentist, and an athletic therapy provider. There is an existing 400-amp electrical panel, with approval to expand to 800 amps due to the proposed new kitchen and elevator.
The site is supported by a strong intersection Average Daily Traffic (ADT) of 43,450, with 22,643 ADT on La Mesa Boulevard and 20,807 ADT on Grossmont Boulevard. There is substantial, immediate freeway traffic, with 197,500+ ADT on Interstate 8 (215,000 during peak months) and 170,000+ ADT on State Highway 125.
The trade area is supported by solid demographics:
-Population of 14,497 within 1 mile, 158,979 within 3 miles, and 430,507 within 5 miles.
-Average household income of $110,727 and a median household income of $83,218 within 1 mile.
-1,971 total businesses and 19,147 total employees within 1 mile.
-45% of residents own their homes, with 149,511 households within 5 miles.
The best is yet to come! The ideal buyer and investor will be the one who recognizes and capitalizes on the immense value the property owners have created.
The respective redevelopment opportunity lies upon three separate parcels of land, with a total of 18,806 square feet (0.44 acre). The existing retail and office building is 2,743 square feet, with three tenants, including a salon run by an owner/operator, a dentist, and an athletic therapy provider. There is an existing 400-amp electrical panel, with approval to expand to 800 amps due to the proposed new kitchen and elevator.
The site is supported by a strong intersection Average Daily Traffic (ADT) of 43,450, with 22,643 ADT on La Mesa Boulevard and 20,807 ADT on Grossmont Boulevard. There is substantial, immediate freeway traffic, with 197,500+ ADT on Interstate 8 (215,000 during peak months) and 170,000+ ADT on State Highway 125.
The trade area is supported by solid demographics:
-Population of 14,497 within 1 mile, 158,979 within 3 miles, and 430,507 within 5 miles.
-Average household income of $110,727 and a median household income of $83,218 within 1 mile.
-1,971 total businesses and 19,147 total employees within 1 mile.
-45% of residents own their homes, with 149,511 households within 5 miles.
The best is yet to come! The ideal buyer and investor will be the one who recognizes and capitalizes on the immense value the property owners have created.
MATTERPORT 3D TOUR
Suite 201
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,743 SF
Building Class
C
Year Built
1954
Price
$3,995,000
Price Per SF
$1,456.43
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,372 SF
Building FAR
0.20
Lot Size
0.31 AC
Zoning
C-6 - Retail Opportunity - Proposed 6,147 sf, existing Dentist on 1st floor, Salon on 2nd floor and City Approved Restaurant & Bar on 3rd Story.
Parking
12 Spaces (4.37 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (84)
ABOUT EAST COUNTY
East County offers a diverse mix of properties across established communities such as El Cajon, La Mesa, Santee, and Lemon Grove. The area benefits from excellent connectivity, with major highways like Interstate 8 and State Route 67 providing direct access to downtown San Diego and neighboring employment hubs. This accessibility supports a broad tenant base, ranging from professional services and healthcare to government and education.
The market is characterized by a dense concentration of office buildings, with clusters of properties serving both local businesses and regional organizations. East County’s affordability and proximity to residential neighborhoods make it an attractive option for tenants seeking value without sacrificing convenience. Re
Tenants in East County enjoy a blend of suburban proximity and urban access, with nearby retail centers, dining options, and recreational amenities contributing to a vibrant work environment. The area’s ongoing growth, supported by strong demographics and a stable economic base, positions East County as a compelling choice for office users and investors alike.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
14,785
161,891
442,427
2024 Population
14,497
158,979
430,507
Population Growth '20-'24
-2.0%
-1.8%
-2.7%
2020 Households
5,923
60,810
154,614
2024 Households
5,770
59,403
149,511
Household Growth '20-'24
-2.6%
-2.3%
-3.3%
Average Age
41
40
39
Median Household Income
$83,218
$83,133
$77,200
Daytime Employees
19,147
61,743
143,565
Total Businesses
1,971
8,788
19,677
College Degree + Higher
37%
34%
30%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $355,433 | |
| Land Assessment | $585,609 | Total Assessment | $941,042 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$585,609
Improvements Assessment
$355,433
Total Assessment
$941,042
SALE ADVISOR
SALE ADVISOR
John Rapp, Retail Commercial Agent, Fuel Station Sales
John, brings over 30 years of retail experience, with tremendous diverse real estate expertise that includes brokerage, development, acquisitions, senior management and leading the way of our alternative fuels options. Since 2014, John has been honored and blessed to have been selected to help establish the fueling infrastructure for the zero emission, hydrogen fuel cell vehicle network throughout the State of California. John has been responsible for all of the real estate activity for 60% of the existing Hydrogen fueling sites in California today.
John began his retail career with Mobil Oil Corporation in June of 1986, just days from his graduation in Business from San Diego State University. John truly enjoyed his Mobil Oil experience as he held 8 corporate positions including National Sales Manager, Resale Area Marketing Manager, New Business Acquisitions Manager, Marketing Training Advisor, Senior Real Estate Representative, Supervisor of Company Operations, Automotive Lubricant Specialist, Sales and Business Consultant. John pursued his passion for real estate as he joined Hess Oil Corporation and orchestrated their real estate expansion in the Southeastern United States with an emphasis in Florida. John continued his real estate pursuits as the Real Estate Development Manager with The Sembler Company, based in St. Petersburg, Florida, completing Build to Suit developments for Eckerd Drug stores (acquired by CVS Pharmacy). Single Site Solutions hired and relocated John back to his home state of California as the West Coast Acquisitions Manager to be the exclusive in-house developer for 7-Eleven Corporation, completing gasoline convenience store new to industry ground up, build to suit and ground lease projects. John furthered his real estate acquisition expertise as the Senior Vice President of KZ Development with retail shopping centers pursuits as the exclusive developer for CVS Pharmacy in Southern California. United Oil Company, a large and very successful fuel distributor / jobber in California brought John aboard to facilitate the acquisition and streaming of 80+ Shell branded facilities. In recent years, John represented Propel Fuels, an alternative fuels oil company, with their real estate acquisitions in the State of California, expanding their growth of E-85 (Flex-Fuel) and Bio-diesel.
Broker Anthony Lopez #01839751
John began his retail career with Mobil Oil Corporation in June of 1986, just days from his graduation in Business from San Diego State University. John truly enjoyed his Mobil Oil experience as he held 8 corporate positions including National Sales Manager, Resale Area Marketing Manager, New Business Acquisitions Manager, Marketing Training Advisor, Senior Real Estate Representative, Supervisor of Company Operations, Automotive Lubricant Specialist, Sales and Business Consultant. John pursued his passion for real estate as he joined Hess Oil Corporation and orchestrated their real estate expansion in the Southeastern United States with an emphasis in Florida. John continued his real estate pursuits as the Real Estate Development Manager with The Sembler Company, based in St. Petersburg, Florida, completing Build to Suit developments for Eckerd Drug stores (acquired by CVS Pharmacy). Single Site Solutions hired and relocated John back to his home state of California as the West Coast Acquisitions Manager to be the exclusive in-house developer for 7-Eleven Corporation, completing gasoline convenience store new to industry ground up, build to suit and ground lease projects. John furthered his real estate acquisition expertise as the Senior Vice President of KZ Development with retail shopping centers pursuits as the exclusive developer for CVS Pharmacy in Southern California. United Oil Company, a large and very successful fuel distributor / jobber in California brought John aboard to facilitate the acquisition and streaming of 80+ Shell branded facilities. In recent years, John represented Propel Fuels, an alternative fuels oil company, with their real estate acquisitions in the State of California, expanding their growth of E-85 (Flex-Fuel) and Bio-diesel.
Broker Anthony Lopez #01839751
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
John Rapp
Fully Approved Retail Redevelopment | La Mesa | 8923 La Mesa Blvd
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