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$ 799,000
Est. payment /mo
Active
7918 Broadway Lemon Grove, CA 91945
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260001527
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
Rare opportunity to acquire a fully renovated, multi-tenant retail property in the heart of downtown Lemon Grove. The subject property consists of two ±750 SF suites (±1,500 SF total) on a ±3,265 SF lot, each with in-suite restrooms and separate entrances. The building was originally constructed in 1954 and substantially renovated in 2022. The property is 100% leased to established local tenants on leases running through 2027, providing immediate and stable cash flow. Current rents are $2,450 per month per suite, generating approximately $58,800 in annual gross income. Tenants pay all utilities, keeping expenses low for ownership. Located along Broadway, one of Lemon Grove's primary commercial corridors, the property benefits from excellent street visibility and strong daily traffic exposure. A 96-space public parking lot is located directly behind the building with rear access for customers and tenants. The asset is positioned just two doors down from the newly completed Kelvin mixed-use development, featuring 66 luxury apartment units. This nearby project adds a built-in, higher-income customer base to the surrounding retail environment.
Location
State CA
County San Diego
Area East County
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Virtual Tour https://www.propertypanorama.com/instaview/snd/250027958
Listed by Max W Reynolds, DRE#02046689 Reynolds Property Management