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    7968-70 Broadway Lemon Grove, CA 91945

    Sponsored
    For Sale
    $3,990,000

    Prime location, high ROI potential.

    Property size:
    4,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Lemon Grove, CA, presents a compelling redevelopment opportunity. Priced at $3,990,000, this 4,700 square foot property sits on a 0.53-acre lot with Commercial zoning. The 1950-built structure, renovated 10 years ago, comprises two buildings and features two retail stores, two one-bedroom apartments, and a detached single-family home. The property boasts 17 parking spaces, including a four-car garage, and enjoys 100% occupancy. Its strategic location offers easy access to Highways 94 and 125, and is conveniently situated within 20 minutes of the Port of San Diego. The property's diverse income streams, combined with its central location in a growing city and proximity to the Kelvin Building (a 66-unit luxury apartment complex across the street), make it an attractive investment for those seeking both immediate rental income and long-term appreciation. The five units are spread across two stories. The property's Class C designation and gross lease type provide further investment considerations. This is a rare opportunity to acquire a substantial mixed-use asset with significant upside potential in a thriving San Diego County location. The APN is 480-131-06-00.

    Property Features for 7968-70 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,700 SF
    Class
    C
    Lot Size
    23,087 SF

    Building Details

    Year Built/Renovated
    1950/10
    Buildings
    2
    Stories
    2
    Units
    5

    HighLights

    • Centrally located Lemon Grove mixed‑use development.
    • Easy freeway access via Highways 94 and 125.
    • 20‑minute proximity to the Port of San Diego.
    • Retail and commercial investment opportunity.
    • Across the street from the 66‑unit Kelvin luxury apartment building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.027007
    Latitude
    32.743167

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high ROI potential.
    Where is this individual retail property located?
    The property is located at 7968-70 Broadway Lemon Grove, CA.
    What is the asking price?
    The asking price for this property is $3,990,000.
    What are key features of this property?
    This property features: Centrally located Lemon Grove mixed-use development.; Easy freeway access via Highways 94 and 125.; 20-minute proximity to the Port of San Diego.
    Request Owner's contact information
    7968-70 Broadway Lemon Grove, CA 91945
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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
    7968-70 Broadway Lemon Grove, CA 91945
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