Freestanding Restaurant on
2505 Scaroni Avenue Calexico, CA 92231
2505 Scaroni Avenue, Calexico, CA, 92231
Contact for pricing
For Sale
Contact for pricing
Vacant, freestanding restaurant building on 1.14-acre lot with 109 parking spaces and highway frontage in a CH zone.
Property Size5,400 SF
Lot Size1.14 Acres
Price / SF$277.78
Days on Market30
Property Features for 2505 Scaroni Avenue
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 1.14 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
Marcus & Millichap - Palo Alto
Listed by
Steve Sauter · License #CA 01084092
Source
Crexi
Added: Jun 22 Updated: Jul 20 at 7:12PM Checked: Jul 20 at 7:12PM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The subject property is a ±15,400-square-foot freestanding restaurant building on a ±1.14-acre parcel. Built in 2003, it has operated as an Applebee’s Neighborhood Grill & Bar since that time and will be delivered vacant and restaurant-ready. The site includes 109 on-site parking spaces.
The property fronts State Route 111 (Imperial Avenue), Calexico’s heavily trafficked commercial artery, with approximately 37,041 vehicles per day. It is adjacent to a Hampton Inn & Suites and is near national retailers including Walmart, Pizza Hut, T-Mobile, Denny’s, and McDonald’s. The site also benefits from cross-border activity, with the Calexico-Mexicali port of entry facilitating approximately 30,000 daily vehicle crossings.
Zoned Commercial Highway (CH), the designation accommodates multiple conforming uses including full-service and fast-food restaurants, hotels and motels, shopping centers, supermarkets and pharmacies, medical and health service offices, banks and financial institutions, and athletic/health clubs.
The property fronts State Route 111 (Imperial Avenue), Calexico’s heavily trafficked commercial artery, with approximately 37,041 vehicles per day. It is adjacent to a Hampton Inn & Suites and is near national retailers including Walmart, Pizza Hut, T-Mobile, Denny’s, and McDonald’s. The site also benefits from cross-border activity, with the Calexico-Mexicali port of entry facilitating approximately 30,000 daily vehicle crossings.
Zoned Commercial Highway (CH), the designation accommodates multiple conforming uses including full-service and fast-food restaurants, hotels and motels, shopping centers, supermarkets and pharmacies, medical and health service offices, banks and financial institutions, and athletic/health clubs.
Key Highlights
- Freestanding 5,400 SF restaurant building built in 2003 and delivered vacant for an investor or owner‑user
- 1.14‑acre parcel with frontage on State Route 111 (Imperial Avenue), averaging about 37,041 vehicles per day
- 109 on‑site parking spaces (about 20 spaces per 1,000 SF) supporting on‑site customer access
Local Financial Insights For Specialty 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 | $99.8k | $18.48 |
| − Vacancy | −$5.9k | −$1.09 |
| EGI | $93.9k | $17.39 |
| − OpEx | −$23.5k | −$4.35 |
| NOI | $70.4k | $13.04 |
5,400 SF · lease $18.48/SF/yr · vacancy 5.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$880.4K – $1.17M
NOI $70,428 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,422 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Hometowm Buffet — 222 e cole rd, calexico, ca 92231
FAQs
What type of property is this?
Conventional restaurant - Vacant, freestanding restaurant building on 1.14-acre lot with 109 parking spaces and highway frontage in a CH zone.
Where is this conventional restaurant located?
The property is located at 2505 Scaroni Avenue Calexico, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding 5,400 SF restaurant building built in 2003 and delivered vacant for an investor or owner‑user; 1.14‑acre parcel with frontage on State Route 111 (Imperial Avenue), averaging about 37,041 vehicles per day; 109 on‑site parking spaces (about 20 spaces per 1,000 SF) supporting on‑site customer access
