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1627 Main St El Centro, CA 92243

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For Sale
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High-Yield Multi-Tenant Property in CA

Property size:
22,018 SF

Property Features for 1627 Main St

General Information

Property type
Lifestyle centers
Square Feet
22,018 SF

Building Details

Year Built/Renovated
1960/2006
Buildings
1
Stories
1
Units
12

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Listing Contact
Rob Bloom
Rob Bloom

Listing Agency: Duhs Commercial Inc Listing Agent: Rob Bloom

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional value-add investment opportunity presents a 22,018 square foot, single-story retail and office building located at 1627 Main St, El Centro, CA 92243. The property, built in 1960 and renovated in 2006, boasts a strong 90.6% occupancy rate across 12 units, generating a substantial net operating income (NOI) of $326,630 and an attractive 8.17% cap rate. Priced at $4,000,000 ($181.67/SF), the property offers significant upside potential. The building is strategically divided into retail (55.9% of GLA) and office (44.1% of GLA) spaces, with over half of the tenants occupying the space for over a decade. Current retail rents average $1.43/SF/month, presenting a clear opportunity to increase rents to market rates as leases expire. An immediate opportunity exists to lease the remaining 2,070 square feet of vacant office space. The property benefits from its location within the Valley Plaza, a thriving 300,000+ square foot community center on over 25 acres, featuring a diverse mix of retail and office tenants including Grocery Outlet, Rite Aid, Starbucks, and 4:13 Fitness (opening Q1 2025). Its central location in El Centro, Imperial County, places it near government offices, residential areas, and schools, along Imperial Avenue, a major commercial thoroughfare. This property represents a compelling investment opportunity with strong cash flow and significant future growth potential.
Property Profile Location Intelligence

Current Use by Public Records

Fortune House Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
El Centro
County
Imperial
State
California
Longitude
-115.57266946821
Latitude
32.791191553766

FAQs

What type of property is this?
Lifestyle center - High-Yield Multi-Tenant Property in CA
Where is this lifestyle 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: 22,018 SF retail/office building, 90.6% occupied, generating $326,630 NOI and an 8.17% cap rate.; Located within a 300,000+ SF community center anchored by Grocery Outlet, Rite Aid, Starbucks, and 4:13 Fitness.; Prime El Centro location near government offices, residential areas, and schools on a major commercial thoroughfare.
(619) 269-6076 Call to check price and availability
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