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Corner Mixed-Use Property
For Sale
$500,000

221 Principal St # 1-3, La Mesa, NM 88044

Fenced commercial property combines storefront, warehouse, yard, and three potential rental spaces.

Property SizeContact for details
Lot Size0.65 Acres
Days on Market42

Property Features for 221 Principal St # 1-3

General Information

Standard status Active
Lot size 0.65 Acres
Property subtype Commercial

Site & Location

Corner Location Yes
Fenced Yard Yes
Outdoor Storage Yes

Additional Details

Warehouse Space 3,200 SF

Amenities

yard space
Listing Agency: EXIT Realty Horizons
Listed By: Melissa Palomares · License #REC20230486
Source: Searchlascruceshomesforsale
Added: Aug 3 Changed: Sep 12 Last Checked: Sep 13 at 11:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT Realty Horizons

Investment Insights

Based on property information with market context.

This mixed-use property brings together approximately 2,090 SF of storefront area and approximately 3,200 SF of connected warehouse space. The layout supports separated customer-facing and operational areas, while a fully fenced yard adds outdoor space for storage or other permitted activities. The property also includes three potential rental areas: a one-bedroom, one-bath unit, a two-bedroom, one-bath unit, and a studio.

Set on an approximately 0.65-acre corner lot at 221 Principal St # 1-3 in La Mesa, the property is directly across from a baseball stadium and church. Its combination of commercial interiors, warehouse capacity, yard area, and potential residential spaces provides a flexible configuration for an owner-user or investor.

Key Highlights

  • Approximately 2,090 SF storefront connected to approximately 3,200 SF of warehouse space
  • Approximately 0.65‑acre corner lot in La Mesa
  • Three potential rental spaces: 1 bedroom/1 bath, 2 bedroom/1 bath, and studio

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pharmacy Grocery & Convenience Store Daycare Center Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby

Demographics for 88044, NM

3,289
Population
1,331
Households
2.5
Avg Household Size
44
Median Age
23%
College-Educated
80%
High-School Grad
594.3 sq mi
ZIP Area
6
Density / Sq Mi
$60,855
Median Household Income
$40,068
Median Earnings
$540
Median Rent
$194,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fenced commercial property combines storefront, warehouse, yard, and three potential rental spaces.
Where is this mixed-use property located?
The property is located at 221 Principal St # 1-3 La Mesa, NM.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 2,090 SF storefront connected to approximately 3,200 SF of warehouse space; Approximately 0.65‑acre corner lot in La Mesa; Three potential rental spaces: 1 bedroom/1 bath, 2 bedroom/1 bath, and studio
More about this property
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