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Village Retail

$940,000

8037 La Mesa Boulevard, La Mesa, CA 91942

Active
Last Updated: 12/15/2022

6

Cap Rate

3,163 sqft

Building Size

Details:
Cap Rate:    6%
Building Size:    3,163 sqft
Lot Area:    0.12 acres
Year Built:    1962
Zoning:    CD-D
Tenancy:    Multiple
Parking Spots:    6
Gross Leaseable Area:    3,120
Roof:    Functional
HVAC:    Y - 3 units
Restrooms:    12
Lease Expire Year:    NA
Highlights:
  • Retail space with private parking in vibrant La Mesa Village
  • Perfect for owner-occupied retail or to divide into three leasable spaces.
  • Estimated Cap Rate is 6 % based on average area rents.
Description:

La Mesa Village location! This 3163 square foot (per appraisal) free standing building is in one of the hottest areas in San Diego. Located on a 6286 sq ft lot (per title company) with private parking, it is walking distance from the vibrant restaurants and shops in the Village as well as close to the trolley line. Originally built as three separate retail spaces, the interior walls were removed for owner-occupied hobby shop but could be easily restored for three units. One restroom exists with hook ups for two others. Property has three electric meters, two gas meters with a third hook-up. With its prominent exposure, easy in and out, and quick access to the 8 and the 125 freeways this is ideal for a buyer looking to get into the Village. The owner wants to retire and isn't interested in being a landlord.

Map:
Documents:
Title
Flyer940.pdf
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Location
Gallery