Features & Amenities

Interior

Area & Lot

  • Lot Size(acres)

    0.1193

  • Property Type

    Commercial Sale

Exterior

  • Garage

    No

  • Construction Materials

    Block, Frame, Other, Concrete, Stucco

Financial

  • Sales Price

    $1,300,000

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Location

County

San Diego

Elementary School

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High School

Listing Courtesy of Lesha Montoya , Pacific Coast Commercial

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Pic in tax records is incorrect and shows 2 parcels not just one.  Each for sale individually.  925 W. Main Office/retail Live/Work unit has approx.  6-8 parking spaces,, fully  fenced and frontage on W. Main St. with 1650 +/- SF building on .12 AC Lot or 5,198 +/- SF.  This parcel has a long time tenant paying $4700/month or a gross income of $56,400 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 for $4,900,000. 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." City of El Cajon advised us that AB 2011  and SB6 may allow for increased  housing from the state level and  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. ***Drone shows more than just this address, but also the other three parcels that may be acquired by one or more buyer.  The seller owns  the neighboring  3 parcels also shown  in this drone. Assemblage would be to both west and east for a 4-parcel portfolio sale. This assemblage allows for a developer  to acquire four parcels for a larger mixed-use development. Other parcels shown in drone are 927 W. Main Street, a vacant lot offered at $1,100,000  and 935 W. Main Street, a mechanics  shop  offered at $1,500,000 (listed, but off market as tenant has first right of refusal on Mechanics shop),  and 939 W. Main Street, a vacant warehouse offered at $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 is offered at a discounted price of $4,900,000.  THIS IS THE FIRST TIME IN 40 YEARS ALL FOUR OF THESE PARCELS ARE FOR SALE.

925 W Main St

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