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$ 950,000
Est. payment | /mo
30,000 SqFt
$ 950,000
Est. payment | /mo
30,000 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $31
MLS Listing ID CL25620407
HOA Y/N No
Year Built 1990
Lot Size 6,695 Sqft
Acres 0.15
Property Sub-Type Comm Ind For Sale
Property Description
Excellent Rehab/Development Opportunity. Mixed-use potential with first-floor retail(COIN LAUNDRY, CONVENIENT STORE, BARBER SHOP, DONUT SHOP, SMOKE SHOP), 2nd floor currently offices, CAN BE CONVERTED INTO live/work studio apartment(40 to 46 UNITS) option. Offers substantial vacant space for additional income (buyer to verify with city). Located in a high-demand area with a 99.9% apartment occupancy rate in El Centro and nearby hotel booking rates exceeding 120%. MAKING THIS PROPERTY VALUE TO BE $4,000,000.00 to $6,000,000 +(after 1st floor renovation) at CAP 6%REMODEL ESTIMATES CAME IN AT $900,000. LOCAL MANAGEMENT AVAILABLE. SECURING GOVERMENT CONTRACT TALKS WITH FEDERAL LEVEL.
Location
State CA
County Imperial
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 053114018000
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Listed by Max Lee • Real Broker
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