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927 W Main St

El Cajon, CA 92020
  • $1,600,000
  • STATUS: Active
  • ON SITE: 571 Days
  • ID#: 200048462
UPDATED: 41 min ago
$1,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Lesha Montoya of Pacific Coast Commercial (619-469-3600)


Description

2 parcels for sale for redevelopment in new Green Street Gateway on Transit District of El Cajon. These lots must be sold together per the City of El Cajon for mixed use project of retail & restaurants ground level with some units above. SEE El Cajon's new plans for redevelopment requirements. Great location right off of HWY 8 on W Main St. This area is to be redeveloped to create a walking district similar to that of North Park. City wants to see a pedestrian friendly development of shops and restaurants to suit the needs of nearby dealership employees, neighborhoods and local businesses. Bring your developers to see the great location. These two parcels have tenants for over a decade and $5700/month in combined income. City recently upgraded the sewer and water pressure underground directly in front of these parcels to better suit the needs of upcoming business and population to come. Buyer and Agent to do their due diligence on all City Upgrades, Development Requirements and all claims. For the developer ready to do a larger infill project, the two lots to the west corner could be sold in a separate sale with same seller. This would make the total project area over 20,000 SF. See drone video to see other two parcels on corner of Milar Avenue and West Main Street. This transit district has the City of El Cajon looking for new developments to bring this to the retail, restaurant, office corridor near freeway, trolley, residential and existing businesses and retailers. These lots must be sold together per the City of El Cajon and are for mixed use project of retail & restaurants ground level with some units above. SEE El Cajon's new plans for redevelopment requirements. Great location right off of HWY 8 on W Main St. GREEN STREET GATEWAY OF EL CAJON, NEW TRANSIT DISTRICT. See City of EL CJAJON's Planning Dept for overview and requirements on City Website. 2nd APN: 487-282-29-00 approx. a 5,198 Sf Lot with approx. a 1,650 sf building built in 1950. APN 487-282- 28-00 vacant lot is approx. 5,582 sf according to tax records. THE TWO LOTS TOGETHER ARE APPROX. 10,780 SF FOR A NICE PROJECT WITH SOME M-M TENANT INCOME. TOGETHER, BOTH TENANTS ARE PAYING $5,700/M. TENANT PAYS WATER AND SEWER. Seller installed a brand new $11,500 roof May 28, 2019 with 10 year warranty. See brochure for materials and details. For the developer ready to do a larger infill project the two lots to the west corner could be sold in a separate sale with same seller. This would make the total project area over 20,000 SF. See drone video to see other two parcels on corner of Milar Avenue and West Main Street. This transit district has the City of El Cajon looking for new developments to bring this to the retail, restaurant, office corridor near freeway, trolley, residential and existing businesses and retailers.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-29T00:27:23.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The M&M Team Realty. Licensed in the State of California, USA.
www.themmteamrealty.com/homes/111573029
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927 W Main St El Cajon, CA 92020

  • Price: $1,600,000
  • Status: Active
  • On Site: 571 Days
  • Updated: 41 min ago
  • ID#: 200048462
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
92020 - El Cajon
County:
San Diego
Area:
92020 - El Cajon
Property Description
2 parcels for sale for redevelopment in new Green Street Gateway on Transit District of El Cajon. These lots must be sold together per the City of El Cajon for mixed use project of retail & restaurants ground level with some units above. SEE El Cajon's new plans for redevelopment requirements. Great location right off of HWY 8 on W Main St. This area is to be redeveloped to create a walking district similar to that of North Park. City wants to see a pedestrian friendly development of shops and restaurants to suit the needs of nearby dealership employees, neighborhoods and local businesses. Bring your developers to see the great location. These two parcels have tenants for over a decade and $5700/month in combined income. City recently upgraded the sewer and water pressure underground directly in front of these parcels to better suit the needs of upcoming business and population to come. Buyer and Agent to do their due diligence on all City Upgrades, Development Requirements and all claims. For the developer ready to do a larger infill project, the two lots to the west corner could be sold in a separate sale with same seller. This would make the total project area over 20,000 SF. See drone video to see other two parcels on corner of Milar Avenue and West Main Street. This transit district has the City of El Cajon looking for new developments to bring this to the retail, restaurant, office corridor near freeway, trolley, residential and existing businesses and retailers. These lots must be sold together per the City of El Cajon and are for mixed use project of retail & restaurants ground level with some units above. SEE El Cajon's new plans for redevelopment requirements. Great location right off of HWY 8 on W Main St. GREEN STREET GATEWAY OF EL CAJON, NEW TRANSIT DISTRICT. See City of EL CJAJON's Planning Dept for overview and requirements on City Website. 2nd APN: 487-282-29-00 approx. a 5,198 Sf Lot with approx. a 1,650 sf building built in 1950. APN 487-282- 28-00 vacant lot is approx. 5,582 sf according to tax records. THE TWO LOTS TOGETHER ARE APPROX. 10,780 SF FOR A NICE PROJECT WITH SOME M-M TENANT INCOME. TOGETHER, BOTH TENANTS ARE PAYING $5,700/M. TENANT PAYS WATER AND SEWER. Seller installed a brand new $11,500 roof May 28, 2019 with 10 year warranty. See brochure for materials and details. For the developer ready to do a larger infill project the two lots to the west corner could be sold in a separate sale with same seller. This would make the total project area over 20,000 SF. See drone video to see other two parcels on corner of Milar Avenue and West Main Street. This transit district has the City of El Cajon looking for new developments to bring this to the retail, restaurant, office corridor near freeway, trolley, residential and existing businesses and retailers.
Exterior Features

Lot Features Level Parking Total 0

Property Features

Association Fee 0 Cap Rate 4.8 Listing Agreement Exclusive Right To Sell Listing Service Full Service Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-29T00:27:23.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The M&M Team Realty. Licensed in the State of California, USA.
 
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The M&M Team Realty
9230 Mayne St
Bellflower CA, 90706
Listing Agent(s): Lesha Montoya of Pacific Coast Commercial (619-469-3600)