$2,095,000
FOR SALEActive1109 E Fallbrook Street
Fallbrook CA 92028
6,678
SF
SpecialPurpose
Type
1960
Built
$314/SF
Cost/SF
Listing Agent
Brittany Cantarini
Listing Agent
DRE #: 02090400
Brokerage: Ice Realty Group
Carl Reinhart
DRE #: 00647355
Brokerage: Carl Reinhart, Broker
Location Analysis
About This Property
This offering represents a rare opportunity to acquire a well-maintained religious facility in the desirable community of Fallbrook, California. Situated on a 1.05- acre corner parcel and fronting on East Fallbrook Street, the Property includes one main building with a sanctuary, office and classroom space plus a second freestanding multi-purpose building to the east of the main building. These buildings total approximately 6,678 square feet. The main building was constructed in 1960 and the multi-purpose building was reportedly constructed in approximately 1990. The buildings are of woodframe and stucco construction. Nearly all of the roofs are pitched with concrete tile shingles. This stylish complex features clerestory windows, three central heating and air conditioning units, industrial-grade ceiling fans in the sanctuary, a large fenced patio, covered outdoor areas and a playground. The main building has three individual restrooms. The multi-purpose building has one restroom plus a kitchen. There is a beautiful atrium which can be used as an inside garden area or possibly could be enclosed for added space. The property is owner-occupied by a church, which leases a portion of the property to a private school for weekday use. The current occupants will be vacating the property upon sale. This site is zoned Residential-Single (RS), County of San Diego. The Property is ideally suited for continued religious use or for a Buyer seeking a property with redevelopment or adaptive reuse potential. Subject to the Buyer obtaining a Minor, Major or Conditional Use Permit depending on the proposed use, the Property might be suitable for a private school, daycare/childcare center, religious retreat, event venue, cultural center, youth camp, group home, senior care facility, assisted living facility or another type of use. The Property has forty-five surface asphalt parking spaces and there is on-street parking available nearby. Directly across Fallbrook Street is the Fallbrook Senior Center & Thrift Shop, and adjacent to the north and to the east of the Senior Center is Fallbrook Community Center and Park. The Property is less than one mile to the east of Mission Road and the downtown commercial hub of the community. The newly-completed Village View County Park is also one mile away on Fallbrook Street and features walking trails, a dog park, skate park and children’s playgrounds. Fallbrook, an unincorporated community with approximately 33,000 residents, is known for its upscale rural character, strong community identity and convenient access to the Avocado (Interstate 15) Freeway and SR-76 corridors. Fallbrook is located just east of Camp Pendleton, the U.S. Marine Corps’ 125,000-acre premiere west coast training base. It is situated approximately four miles south of the Riverside County line and Temecula is just a several-minute drive to the north. The surrounding area consists of a mix of small agricultural operations, large residential parcels and local commercial uses. Fallbrook considers itself the “Avocado Capital of the World”.
Property Information
Property Overview
Commercial - SpecialPurpose
Property Type
Active
Status
Residential Single - RS
Zoning
1.05 acres
Lot Size
2
Total Units
6,678 SF
Square Footage
$313.72/SF
Price per SF
0.00%
Cap Rate
1,960
Year Built
1
Stories
45
Parking Total
6.74
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
0% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
0.00%
Cap Rate
$0
NOI
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