7968-70 Broadway Lemon Grove, CA 91945
- Retail properties
- 4,700 SF
- 0.53 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7968-70 Broadway
- Year built
- 1950
- Lot size
- 0.53 lot acres
- Property size
- 4,700 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
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
- Lemon Grove
- County
- San Diego
- State
- California
- Longitude
- -117.027
- Latitude
- 32.7432
