1627 Main St El Centro, CA 92243
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90% leased retail and office property in Imperial County.
Type:Office, Retail
Property size:
22,018 SFLot size:
25.00 Acres- Added:
- Nov 15, 2024
- Days on Market:
- 516
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1627 Main St
General Information
- Standard status
- Active
- Size
- 22,018 SF
- Lot size
- 25.00 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1960
Listing agent Russell Gross License #California 00887251
Listing office Russell E. Gross Real Estate, Inc. (831) 464-4700
Listing date Nov 15, 2024
Source Crexi
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 Russell E. Gross Real Estate, Inc.
Overview
Multi-Tenant Retail & Office Property
This multi-tenant retail and office property is currently 90% leased to 12 tenants. The property is comprised of retail shops on the east side, making up 55.9% of the gross leasable area (GLA), and offices on the west side, comprising 44.1% of the GLA. Half of the tenants, representing just over 50% of the GLA, have occupied the building for over 10 years. The retail rents average $1.43 per square foot per month. There is potential upside in leasing out the remaining 2,070 square feet of office vacancy. The property is part of the Valley Plaza, a community center situated on over 25 acres. Other tenants in the center include Grocery Outlet, Rite Aid, Starbucks, 4:13 Fitness (opening Q1-2025), Skechers, and Imperial Irrigation District, along with restaurants, retailers, and office users. The center is located in the heart of Imperial County and surrounded by local government offices, single-family residential areas, apartments, and schools. The property is located along Imperial Avenue, the main commercial arterial in the County with a variety of retail and restaurant uses. The property size is 22,018 square feet.
Location Intelligence
Current Use by Public Records
Fortune House
Restaurant
Similar Places Nearby
- Valley Plaza Regional Shopping Center — 1699 Main St M, El Centro, CA 92243
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Location Insight
- Map
- Local Demand
- City
- El Centro
- County
- Imperial
- State
- California
- Longitude
- -115.5725738
- Latitude
- 32.7920955
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 90% leased retail and office property in Imperial County.
Where is this shopping center located?
The property is located at 1627 Main St El Centro, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 90% leased to 12 tenants, providing stable income.; Located in the heart of Imperial County on the main commercial arterial.; Part of Valley Plaza, a 300,000+ SF community center.
