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927 Main St - Improved Vacant Lot & Owner-User/Development 0.13 Acres of Commercial Land Offered at $1,100,000 in El Cajon, CA 92020

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INVESTMENT HIGHLIGHTS

  • Improved Lot with Sewer connected to Mainline, Electric (previous electric meter) | Possible Assemblage of 4 Parcels
  • Curb Cuts and Legal Driveway with Legal Address
  • 2 Blocks from Highway Access | 2 Blocks from Trolley Hub
  • Helix Water (Old Abandoned Meter)
  • Fully Fenced Lot Sitting on Frontage Road W. Main St.
  • Sitting Between Signals at Marshall and Johnson

EXECUTIVE SUMMARY

927 W. Main is an IMPROVED VACANT LOT with connected SEWER to mainline with recent upgrades from the City to increase commercial flow of water and sewer in front of property, WATER (old abandoned meter), ELECTRIC (having past electric meter), CURB CUTS, A LEGAL DRIVEWAY, FULLY FENCED LOT, and FRONTAGE ON W. MAIN ST WITH LEGAL ADDRESS CONSISTING OF .13 +/- AC LOT OR 5,582 +/- SF. The vacant lot sits two blocks off both HWY 8 on ramps and EL Cajon’s trolley/bus hub within the transit district. City of El Cajon has recently improved the frontage to this lot with added sidewalks, shrubs and designer lights for added visibility and security. Sitting between both major signals of Marshall and Johnson this roadway is used as a major thoroughfare into the main downtown area.

NEW MESSAGE FROM THE CITY TO SELLER!!
"We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street. "
"What does this mean for our community? Get ready to see positive changes in the coming months:
• Thriving New Businesses: Empty storefronts will soon house new restaurants, cafés, boutiques, and breweries, giving you more places to shop, dine, and enjoy local flavor.
• Lively Events & Nightlife: From expanded outdoor events to live music nights, downtown will be buzzing throughout the week – not just on special occasions. (Imagine art walks, night markets, and family-friendly festivals bringing Main Street alive!) Plus, the City is updating old regulations to welcome more entertainment options, so you can enjoy a fun evening out right here in El Cajon.
• Clean, Safe & Welcoming Streets: Expect to see cleaner sidewalks, improved lighting, beautiful landscaping, and public art that celebrates El Cajon’s heritage. Our revitalization plan includes a compassionate approach to homelessness, working with outreach teams to help our unhoused neighbors so everyone feels safe and welcome downtown."
"This downtown revitalization is all about community. It’s a collaborative effort by local business owners, city leaders, and residents like you to create a downtown we can all be proud of. The vision is a bustling hub of culture and commerce that reflects El Cajon’s unique spirit – a place where families stroll the sidewalks, friends meet up for coffee, and entrepreneurs thrive. As these plans take shape, you’ll start to see tangible changes: new storefronts opening their doors, more events filling the calendar, and a renewed sense of excitement on Main Street. We invite you to be a part of this journey – come out and enjoy downtown, support our local businesses, and share your ideas. There’s never been a more exciting time to invest in Downtown!" See news reel link from City https://www.youtube.com/watch?v=09m1aSZ-0UE
Sitting between both major signals of Marshall and Johnson the 5,582 SF +/- Lot has both electric (with past electric meter) and sewer lines at back of the lot connected to main line, as well as a legal driveway and fencing for a developed lot. Land in El Cajon is hard to come by in this smaller owner/user size, but buyers need to verify with city all possibilities. This parcel sits in the Commercial Village and is geared towards mixed-use development. DEVELOPER INCENTIVES from the City under 3.12 pg. 22 of EL CAJON TRANSIT DISTRICT SPECIFIC PLAN. (VIEW LINK)
This area is primed for redevelopment as part of the “Green Street Gateway” and “Commercial Village.” The parcel is easily accessible and within 2 short blocks of HWY 8 on ramps, the major signal at Marshall and Main Street to the west and two blocks off major signal at Johnson to the east, around the corner from El Cajon's transit hub and Trolley stop known as the El Cajon Transit Center to the south west, and around the corner to the north west of several major car dealerships including Mossy Nisan, Mercedes, new CarMax, Land Rover and Toyota of El Cajon. "The area immediately surrounding the transit station is an aging industrial and heavy commercial area which interfaces with residential neighborhoods comprised of single and multi-family residences. The Planning Area contains a diverse mix of uses but lacks the appropriate infrastructure, public amenities, and commercial services to function as a complete neighborhood that promotes alternative mode of transportation and that is a desirable and attractive place to live, walk, bike, work or shop." Pg. 14. p 2.3 El CAJON TRANSIT DISTRICT SPECIFIC PLAN.
This City of El Cajon is screaming for developers to come in and revamp the area within the new Commercial Village overlay. Contact me to learn more about this property. City of El Cajon has advised developers to look into the application of new state laws AB2011 and SB6 which may help you to up- zone the residential component of this proposed redeveloped mixed-use. This area is just east of the 8 freeway with frontage on W. Main St. as you enter El Cajon and walking distance to Trolley Line. City is anxious to see this area redeveloped into a "North Park" of the east with tons of walking traffic, restaurants, retail, office and some upper units. This area is just primed for your developers looking for a new mixed-use project with very low parking requirement. Buyer to investigate AB 2011 and SB6 for increased housing to see if this industrial area and any conversions to residential units will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon. The seller also owns the neighboring three parcels to the west also shown in this drone to be sold separately to allow for a developer to acquire four parcels for a larger mixed-use development.
Other parcels shown in drone are 925 W. Main Street, an office/work/live offered at $1,300,000 and 935 W. Main Street, a mechanics shop (offered OFF MARKET separately or in portfolio sale) and 939 W. Main Street, a vacant warehouse recently reduced to $2,100,000. Seller is interested in a possible portfolio sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer looking for a larger project totaling just over 21,000 SF with all four lots combined. Portfolio on the market is offered at $4,900,000. The four lots are backing an older residential neighborhood and near trolley by 2 blocks. For more info. Call Lesha Montoya 619-992-5863; LIC#02007808 Lesha@PacificCoastCommercial.com.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER AC
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per AC $9.99
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $99,999
Annual Per AC $9.99
Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99
Net Operating Income
Annual -
Annual Per AC -

PROPERTY FACTS

Price $1,100,000
Sale Type Investment or Owner User
Sale Conditions
Bulk/Portfolio Sale
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Convenience Store
  • Fast Food
  • General Freestanding
  • Neighborhood Center
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
Total Lot Size 0.13 AC
Zoning Commercial - This area is primed for redevelopment as part of the “Green Street Gateway” and “Commercial Village” see drone showing all four parcels separate sales

1 LOT AVAILABLE

Lot

Price $1,100,000
Price Per AC $8,461,538.46
Lot Size 0.13 AC

IMPROVED vacant lot- driveway sits 2 blocks off both HWY 8 & El Cajon’s trolley/bus hub. City of El Cajon has recently upgraded sidewalks/lighting directly in front of this parcel for added visibility and security. Sitting between Marshall & Johnson

DESCRIPTION

927 W. Main is an IMPROVED VACANT LOT with connected SEWER to mainline with recent upgrades from the City to increase commercial flow of water and sewer in front of property, WATER (Old Abandoned Meter), ELECTRIC (having past electric meter), CURB CUTS, A LEGAL DRIVEWAY, FULLY FENCED LOT, and FRONTAGE ON W. MAIN ST. WITH LEGAL ADDRESS CONSISTING OF .13 +/- AC LOT OR 5,582 +/- SF. The vacant lot sits two blocks off both HWY 8 on ramps and EL Cajon’s trolley/bus hub within the transit district. City of El Cajon has recently improved the frontage to this lot with added sidewalks, shrubs and designer lights for added visibility and security. Sitting between both major signals of Marshall and Johnson this roadway is used as a major thoroughfare into the main downtown area. This parcel has a long time tenant paying $1,000/month which could help with expenses during the entitlement period for this parcel or a collection of parcels. Seller has all four parcels on the market AS PORTFOLIO SALE for $4,900,000. City is reinvesting into its downtown area. From the City to Seller: "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street. The vision is a bustling hub of culture and commerce that reflects El Cajon’s unique spirit – a place where families stroll the sidewalks, friends meet up for coffee, and entrepreneurs thrive.

  • Listing ID: 35001634

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 927 Main St, El Cajon, CA 92020

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