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    Prime Retail Location Near Border Title is generated by Realmo AI

    23 Heffernan Ave, Calexico, CA 92231

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    Claim this Listing
    For Sale
    $2,750,000

    COMMERCIAL - Calexico, CA

    Property size:
    20,000 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $137/SF
    Added:
    Apr 22, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 27 at 8:06 pm

    Property Features for 23 Heffernan Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    058-524-005-000
    Size
    20,000 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Electric (Heating), Central, Forced Air
    Cooling system
    Electric, Central Air

    Building Details

    Number of units
    2
    Flooring type
    Slab

    We can help!

    Contact an agent
    Manny Hernandez
    Manny Hernandez

    Listing agent Manny Hernandez License #01253348

    Listing office American Group 1074 E Cole Rd. Ste. 14, Calexico, CA

    Listing date Apr 22, 2026

    MLS# 260009721

    Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime retail location directly on the US/Mexico border.
    • High foot traffic: 50,000 pedestrians daily.
    • Substantial size: 20,000+ square feet, two‑story building.
    • Landmark first impression as you enter the USA.
    • 80% of space is currently dedicated to retail use.
    • Suitable for various ventures: convenience store, restaurant, tourist shop, bank, pharmacy, or medical offices.

    Overview

    This two-story building offers over 20,000 square feet of space and is located on the corner of First Street in Calexico, California, near the border with Mexico. Situated on a 0.3212-acre lot, the property is the first building visible when entering the U.S. from Mexico. The location experiences an estimated 50,000 pedestrians crossing daily between Mexicali, Baja California, and Calexico, California. Currently, 80% of the space is dedicated to retail use under temporary retail leases. The property is suitable for various ventures, including a convenience store, quick-service restaurant, tourist gift shop, bank or financial service, pharmacy, or doctor's offices, due to its location and high foot traffic.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $360.0k $18.00
    − Vacancy −$18.0k −$0.90
    EGI $342.0k $17.10
    − OpEx −$102.6k −$5.13
    NOI $239.4k $11.97
    20,000 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.42M
    $2.99M – $3.99M (±1% cap)
    NOI $239,400 @ 7.0% cap · market cap 8.71%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.10M
    $4.46M – $5.95M (±1% cap)
    NOI $357,120 @ 7.0% cap · market cap 12.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    HABIBI Premium Deals Department Store TJS Clothing Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calexico
    County
    Imperial
    State
    California
    Longitude
    -115.495248
    Latitude
    32.665281

    FAQs

    What type of property is this?
    Retail space - Two-story retail building near US-Mexico border with high foot traffic.
    Where is this retail space located?
    The property is located at 23 Heffernan Ave Calexico, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Prime retail location directly on the US/Mexico border.; High foot traffic: **50,000 pedestrians daily**.; Substantial size: **20,000+ square feet, two‑story building**.
    More about this property
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