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$629,000

FOR SALEActive

121 123 W. GRAND AVE 2

Escondido CA 92025

1,600

SF

Retail

Type

1948

Built

$393/SF

Cost/SF

63 days on marketNalren refreshed

Listing Agent

Yvette Reeve

Listing Agent

DRE #: 00986243

(760) 420-0050

Brokerage: Morgan Brown Real Estate, Inc

Location Analysis

MapProperty Location

About This Property

HUGE PRICE IMPROVEMENT! THIS COMMERCIAL BUILDING IS LOCATED IN THE HISTORIC AREA OF GRAND AVE. IN ESCONDIDO. THE SITE IS IMPROVED WITH A SINGLE STORY- 2 UNIT BUILDING CONTAINING 1600 SF SPLIT EQUALLY BETWEEN EACH UNIT. UNIT 1 IS AN ART GALLERY WITH GALLERY SHOWROOM AND RESTROOM AND UNIT 2 IS A BARBER SHOP WITH A LOBBY, THREE BARBER STATIONS, RESTROOM AND STORAGE ROOM. THE BUILDING IS LOCATED IN A HIGH VISIBILITY AREA FRONTING ON GRAND AVE. THE TWO TENANTS ARE LONG TERM TENANTS. BOTH RENTS ARE CONSIDERED BELOW MARKET. THE SURROUNDING AREA IS CONSISTED WITH 1 TO 2 STORY BUILDINGS HOUSING RESTAURANTS, RETAIL, SPECIALTY RETAILERS, GALLERIES AND MORE

Property Information

Property Overview

Commercial - Retail

Property Type

Active

Status

SP GOVERNED BY SPA 9

Zoning

3647 acres

Lot Size

2

Total Units

1,600 SF

Square Footage

$393.13/SF

Price per SF

0.00%

Cap Rate

$900

Annual Tax

1,948

Year Built

1

Stories

5

Parking Total

3.13

Parking Ratio

Property Highlights

N/A Property

Prime Location with High Visibility

0% Cap Rate

Location Analysis

Map

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