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    939 Main St El Cajon, CA 92020

    Sponsored
    For Sale
    $2,500,000

    Prime El Cajon location, mixed-use potential.

    Property size:
    3,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3,800 square foot warehouse, situated on a 5,219 square foot lot at 939 W Main St, El Cajon, CA 92020, presents a compelling investment opportunity. The property boasts a high-visibility corner location on W. Main Street, conveniently situated just off Highway 8 ramps. Its location within El Cajon's Transit District Specific Plan makes it ideally suited for mixed-use redevelopment, aligning with the city's vision for revitalization. The asking price is $2,500,000. This existing industrial warehouse offers significant potential for redevelopment into retail, office, and residential spaces, capitalizing on the city's encouragement of such projects. The seller is open to discussing the acquisition of three additional adjacent parcels, totaling over 21,000 square feet, in a separate transaction, allowing for a larger-scale mixed-use development. These adjacent parcels include a vacant lot and a commercial building with existing tenants generating approximately $5,700 monthly income. The property's proximity to the trolley line and a residential neighborhood further enhances its appeal. Potential buyers should investigate the applicability of state laws AB2011 and SB6, as well as SB 9 & SB 10, to explore zoning variances and increased housing density options. This property offers a unique chance to participate in the transformation of a key area in El Cajon.

    Property Features for 939 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    3,800 SF

    HighLights

    • $2,500,000 asking price for a 3,800 SF warehouse on a 5,219 SF lot.
    • High‑visibility corner location on W. Main Street, El Cajon, near Hwy 8 ramps.
    • Located in El Cajon's Transit District Specific Plan, suitable for mixed‑use development.
    • Potential to acquire three adjacent parcels totaling over 21,000 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    BMW Transmissions Transmission Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.9742444
    Latitude
    32.7946765

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    FAQs

    What type of property is this?
    Distribution property - Prime El Cajon location, mixed-use potential.
    Where is this distribution property located?
    The property is located at 939 Main St El Cajon, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 3,800 SF warehouse on a 5,219 SF lot.; High-visibility corner location on W. Main Street, El Cajon, near Hwy 8 ramps.; Located in El Cajon's Transit District Specific Plan, suitable for mixed-use development.
    Request Owner's contact information
    939 Main St El Cajon, CA 92020
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    El Cajon, CA 92020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    939 Main St El Cajon, CA 92020
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