555 Escondido Blvd Escondido, CA 92025-4815

Property Details for 555 Escondido Blvd

Lot size

0.31 lot acres

Property size

1,808 SF

Zone code

COMMERCIAL

Property type

Auto shops

APN

233-231-09-00

APU

2332310900

Description

This exceptional investment opportunity presents a fully occupied, three-building auto-related retail portfolio situated on a 0.32-acre lot in Escondido, California. The property, totaling 2,511 square feet, boasts a current NOI of $89,206 and a 5.95% cap rate, with a pro-forma NOI of $118,920 and a pro-forma cap rate of 7.93%. Built in 1950 and renovated in 2018, the property features three tenants: a smog shop, an auto repair business, and an auto dealership, all operating under month-to-month leases. This presents a unique opportunity to increase profitability by transitioning to net leases. The property's strategic location in central Escondido, near major transportation arteries (Interstate 15 and Highway 78), and its proximity to the California Center for the Arts and Civic Center Plaza Shopping Center, ensures high visibility and accessibility. The asking price is $1,500,000, translating to $597.37 per square foot and $133 per square foot of land value. The property is zoned C and has a San Diego County APN of 233-231-09-00 | Block-113. Owner-users may find this particularly attractive, as occupying over 51% could qualify for SBA financing while simultaneously generating rental income from the other tenants. This presents a compelling value-add opportunity with significant upside potential in a thriving market with low vacancy rates.