$650,000
10,000sqft two story commercial building zoned Old Town Specific Plan within the Mixed-Use Retail District which provides for neighborhood commercial and residential mixed-use development. Retail uses are required along the ground-floor frontage of 7th Street and D Street. Office and/or residential uses are allowed behind or above as part of a Development Plan, incorporating horizontal mixed use to the extent feasible. There is potential to demise the 2nd floor into four (4) individual residential units thus creating tremendous upside. Specialty retail uses that promote Old Town's historic Route 66 heritage are strongly encouraged. Currently the building has one first floor vacancy of ±900 – the other two first floor suites are leased month-to-month. One tenant leases the entire 2nd Floor and is month-to-month as well. Current gross annual income is $38,400.
Listed by Ryan Travis with Kursch Group, Inc. (760) 983-2383
Property Type
Retail
Status
Active
MLS Number
541923
Year Built
1952
Lot Size
6,970 sq ft
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