Prospect Ave Santee, CA 92071
- Commercial real estate
- 0.73 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Prospect Ave
- Lot size
- 0.73 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two adjacent commercial parcels totaling 1.34 acres (58,369 sq ft) in Santee, CA, listed at $759,952. Parcel 1 (APN 384-410-76-00) encompasses 31,798 sq ft, while Parcel 2 (APN 3385-410-20-00) covers 26,571 sq ft. The property boasts FAA preliminary approval for storage/equipment parking, aligning perfectly with its light industrial zoning within the Gillespie Field Overlay Zone. Convenient ingress and egress are available on the west side, with potential east-side access. A triple net lease option exists at $8,500 monthly for both parcels, or individual lease rates of $3,719 (Parcel 1) and $4,451 (Parcel 2) are also available. While no structures can be built due to the Gillespie Community Land Use Plan and avigation easement, this prime location offers significant potential for land development. Further enhancing the opportunity, an adjacent parcel, currently zoned for two single-family residences, may also be available for purchase. Prospective buyers are encouraged to review the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112) for comprehensive zoning details. All information should be independently verified with the FAA, County of San Diego, and City of Santee.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santee
- County
- San Diego
- State
- California
- Longitude
- -117.017
- Latitude
- 32.8305
