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Glen Henderson

glen@phcoronado.com +1(619) 270-1180

$3,388,888

Est. payment - /mo

0.48 Acres Lot

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Key Details

Property Type Commercial

Sub Type Commercial-Off/Rtl/Ind

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250035724

Lot Size 0.482 Acres

Property Sub-Type Commercial-Off/Rtl/Ind

Property Type Commercial-Off/Rtl/Ind

Property Description

MAJOR PRICE REDUCTION!!! The portfolio from the corner of Millar with FRONTAGE ON W. Main Street to just the middle of the block is finally offered for sale providing an opportunity to redevelop for the newest mixed-use project in El Cajon. 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." The City is inviting Developers to come and bring their MIXED-USE solutions to an area that deeply needs regeneration and life. This is the perfect block to start on. Seller has these four parcels starting with the vacant warehouse on the west corner of Millar Ave and W. Main St, a main thoroughfare into the City from both La Mesa and Santee. A portfolio sale would allow a developer acquire almost an entire block or about 21,000 SF +/-. This area desperately needs a shopping center with grocer, restaurants, small retail and office. The AB 2011 and SB6 allows a developer to expand his project and fulfill the needs of the city with the inclusion of residential or density units. The very low parking requirement sitting in the transit district should allow a developer to maximize their FAR for income producing suites and units.

Location

State CA

County San Diego

Area East County

Zoning Mixed Use

Direction HWY 8 East- Exit W. Main St. - 2 Blocks East of Freeway on Rt. Side.Corner of Millar and W. Main to first lot in middle of block

Interior

Heating Other/Remarks

Cooling Other

Flooring Slab

Fireplace No

Exterior

Parking Features Street

View Y/N No

Building

Lot Description Free Standing, Regional Shopping Center

Others

Senior Community No

Acceptable Financing Cash, Cash to New Loan, Exchange Up

Listing Terms Cash, Cash to New Loan, Exchange Up

Special Listing Condition Call Agent

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Listed by Lesha A Montoya, DRE#02007808 Pacific Coast Commercial

Nearby School & Business

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Glen Henderson

+1(619) 270-1180

Broker Associate CA BRE #01384181

Coronado Communities

927-939 W Main Street El Cajon, CA 92020

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Search All Homes and Condos for Sale in Coronado

Types of Homes for Sale In Coronado:

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All Coronado Homes for Sale by Map
Condos and Townhomes for Sale in Coronado
Single Family Homes for Sale in Coronado
Multi-Family Investment Properties for Sale in Coronado
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Rentals in Coronado

Coronado Cays Homes for Sale
Coronado Shores Condos for Sale
Coronado Village Homes and Condos for Sale
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Country Club Estates Homes for Sale