227-231 Douglas Ave., El Cajon.

Price

Asking: $387,000 ($173.07/sqft)
Sold: $350,000 ($134.61/sqftz)

PROPERTY HIGHLIGHTS

Retail/Office

Building: 2,600 sqft
Lot: 2,811 sqft
APN: 488-161-02-00
Zoning: Commercial - Mixed Use Residential

Demographics

+4,342 cars daily- costar.com
$62,814 median HH income- costar.com
57,343 HH 3-mile radius- costar.com
161,160 total population 3-mile radius- costar.com

Location

Value-Add opportunity w/in-place below market rates
One block from expanding Downtown El Cajon
20 minutes from Downtown SD & Airport
Less than 1 mile to Highway I-8 and Highway 67

Tenant Mix

2 long-term tenants
Both on month-to-month leases
Each tenant roughly $0.60 below market rate per sqft
Massive upside for Value-Add