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    OFF-MARKET
    Specialty properties

    427 Broadway St, El Centro, CA 92243

    1,750 SF Built 1905
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,750-square-foot commercial building, located at 427 Broadway in El Centro, California, presents a prime redevelopment opportunity. Situated on a bustling street, this property boasts high visibility and significant potential. Built in 1905, the single-story structure sits on a commercially zoned lot (APN: 053-113-007-000) and is ideal for a variety of uses, including grocery stores, pharmacies, or other retail establishments. The building offers a blank canvas for customization, allowing for the creation of a space perfectly tailored to your business needs. An adjacent lot is also available for purchase, providing an opportunity to expand parking or develop additional space. Furthermore, a neighboring 6,400 square foot building is also for sale, presenting the possibility of acquiring over 8,000 square feet of combined commercial space for $600,000. This property's location in El Centro, near the Calexico border town, offers access to a significant market. The property includes one key. This is a redevelopment investment opportunity.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1905
    Total area 1,750 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Imperial Valley Ministries Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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