Prospect Ave Santee, CA 92071
- Commercial real estate
- 0.61 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Prospect Ave
- Lot size
- 0.61 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Santee, CA, presents two adjacent commercial parcels totaling 1.34 acres (58,369 sq ft). 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. Both parcels benefit from preliminary FAA approval for storage/equipment parking, aligning with the Gillespie Field Overlay Zone and Light Industrial zoning. A triple net lease option is available at $8,500 monthly for both parcels, or individual lease rates of $3,719 (Parcel 1) and $4,451 (Parcel 2) are also possible. Convenient ingress and egress is provided on the west side, with potential east-side access. The property's location within the Gillespie Field Compatibility Zone ensures strategic development potential. Detailed zoning information can be found in the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112). Note that no structures can be built due to the Gillespie Community Land Use Plan and avigation easement. All information should be independently verified with the FAA, County of San Diego, and City of Santee. An adjacent parcel, previously approved for two single-family residences, may also be available for purchase. The total sales price for both commercial parcels is $625,046.
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
