$607.14 Per Sq Foot $4,563 est/mo Sourced by Back At You

MLS Number: PTP2402453

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Description

Excellent Investment Opportunity! Current cap rate is 4.37% with the potential to increase it to a 6.5% cap rate. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty saloon is currently below market rate with the ability to increase it to the same as the restaurant space now. This would bring you to the 6.5% cap rate. Tenants pay all their own utilities. Landlord pays taxes and insurance only.

Details

MLS#PTP2402453
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1955
Days On Site22
Listing Provided ByThe Real Estate Agency 619-870-0477 | John Van Tassel

Features

SQ Feet1,400
Story(s)1
Units2
Building(s)1
ZoningCommercial
Acreage0.10

Market Activity 91950

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountySan Diego
CityNational City
Zip Code91950
Area91950 National City
Listing VS Median (in 91950)
Price:
$850,000
low | high
Med:
$850,000
50% of Average
SqFt:
1,400
low | high
Med:
1,400
50% of Average
$ / SqFt:
$607
low | high
Med:
$607
50% of Average
On Site:
22
low | high
Med:
22.000000
100% of Average
Sourced by Back At You
Listing Updated: April 30, 2024 at 3:55:40 PM PDT