Property summary
Harmony Grove Village Center presents a unique investment opportunity encompassing two parcels totaling 2.89 acres, strategically located within a burgeoning Escondido residential area currently underserved by commercial retail. This exceptional offering includes approved site plans for substantial commercial development, ideal for a mixed-use project. Parcel 235-571-571-17, spanning 1.62 acres, is designed to accommodate a significant retail building exceeding 11,000 square feet, inclusive of a mezzanine level, plus an additional 5,000 square feet suitable for shops or restaurants. The adjacent Parcel 235-570-56, covering 1.27 acres, offers plans for approximately 7,500 square feet of retail space, complemented by the existing 2,000-square-foot historic Johnson Ward Homes building, potentially adaptable for office or medical use. The city may consider modifications to incorporate live/work/play units, adding further versatility to this development. Convenient access is ensured via new roads connecting to Citracado Parkway, providing seamless connectivity to Escondido, Elfin Forest, and San Elijo Hills. The strong demographics of the area make this location particularly attractive for a variety of businesses, including an anchor grocery store, preschool/daycare, salon, and quick-service restaurants or delis. This is a rare chance to capitalize on a thriving community's need for commercial amenities. The asking price for this exceptional property is $4,995,000.
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