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Description

Fully leased 5,853 SF free standing single story building with 3-retail-office suites on the corner of Broadway and West Street. The building parcel is across the street from Food 4 Less Grocery/Gas & a 1 block from Home Depot. Site consists of 2 retail spaces fronting Broadway (7388 Ali Market 3,418 SF & 7396 Boost Mobile 1,954 SF) & 1 space fronting 3440 West Street (Amy's beauty Shop 481 SF). Parking consists of 8 spaces with an ADA space off Broadway and 5-spaces off West Street. There is also a fenced back yard that is paved for more storage and parking. The General Commercial (GC) zoning allows for a variety of permitted retail uses such as for medical & dental, auto-oriented, funeral, food/beverage, animal sales, education, light manufacturing, financial, emergency homeless shelter, business & professional, general large-scale businesses and activities offering retail goods and services meant to serve the needs of local and regional shoppers. The property is located in the Lemon Grove sub-market of San Diego. The Project is along Broadway off of the Massachusetts Ave. exit of the I-94 East. This opportunity is excellent for an investor looking to hold as income with future upside potential. Located within the Lemon Grove City Center and less than a block from the Broadway corridor where the majority of the City's commercial services and retail are found. Close proximity to public transit and walking distance to the Lemon Grove Depot, which is served by the Orange trolley line. Direct access to 94 and 125 freeways and less than 15 minutes to Downtown San Diego.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/119426807
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7388-96 Broadway Lemon Grove, CA 91945

  • Price: $1,250,000
  • Status: ACTIVE
  • Updated: 14 min ago
  • ID#: 210020174
0
Beds
0
Baths
0
½ Baths
0.27
Acres
5,853
SQFT
$214
$/SQFT
Neighborhood:
Lemon Grove (91945)
County:
San Diego
Area:
Lemon Grove (91945)
Property Description
Fully leased 5,853 SF free standing single story building with 3-retail-office suites on the corner of Broadway and West Street. The building parcel is across the street from Food 4 Less Grocery/Gas & a 1 block from Home Depot. Site consists of 2 retail spaces fronting Broadway (7388 Ali Market 3,418 SF & 7396 Boost Mobile 1,954 SF) & 1 space fronting 3440 West Street (Amy's beauty Shop 481 SF). Parking consists of 8 spaces with an ADA space off Broadway and 5-spaces off West Street. There is also a fenced back yard that is paved for more storage and parking. The General Commercial (GC) zoning allows for a variety of permitted retail uses such as for medical & dental, auto-oriented, funeral, food/beverage, animal sales, education, light manufacturing, financial, emergency homeless shelter, business & professional, general large-scale businesses and activities offering retail goods and services meant to serve the needs of local and regional shoppers. The property is located in the Lemon Grove sub-market of San Diego. The Project is along Broadway off of the Massachusetts Ave. exit of the I-94 East. This opportunity is excellent for an investor looking to hold as income with future upside potential. Located within the Lemon Grove City Center and less than a block from the Broadway corridor where the majority of the City's commercial services and retail are found. Close proximity to public transit and walking distance to the Lemon Grove Depot, which is served by the Orange trolley line. Direct access to 94 and 125 freeways and less than 15 minutes to Downtown San Diego.
Exterior Features

Cars Per Day 22000 Construction BlockOther/RemarksStucco Location Free Standing Lot Dimensions Approx 111 X 106 Neighboring Business Type1 Food 4 Less Neighboring Business Type2 Enterprise Rental Car Neighboring Business Type3 Food 4 Less Gas Station Neighboring Business Type4 Rodeway Inn Neighboring Business Type5 Ars Auto Registration Neighboring Business Type6 Lemon Grove Glass & Supply Parking On SitePrivate Roof Other/Remarks

Interior Features

Cooling Other Estimated Square Feet 5853 Floors Slab Heating Other/Remarks Private Restrooms 3 Restrooms 3 Sq Ft Of Improvement 5853 Sq Ft Per Floor1 5853 Stories 1 Story Unit Size1 3418 Unit Size2 1954 Unit Size3 481

Property Features

Actual Gross Scheduled Income 80700.0 Actual Operating Expense 5204 Assumable Finance 0 Building Amenities Off Street Parking & Fenced Rear Cement Yard. Buildings 1 Commercial Property Type Retail Sale Existing Financing Clear Financial Information Source Owner Have Freestanding Retail Mandatory Remarks None Known Market Area East County Monthly Rent Total 6725 Monthly Rent1 3000 Monthly Rent2 2950 Monthly Rent3 775 Motive Want Sell Occupancy Percent 100 Property Type Retail Sale Includes BuildingLand Sales Restrictions N/K Short Sale No Special None Sq Ft Source OwnerTax Record Tenant Pays ElectricGas Terms CashCash To New Loan Unit Number1 7388 Unit Number2 7396 Unit Number3 3440 Zoning Commercial

Listing provided courtesy of Mt. Helix Lifestyles R.E. Serv. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101