2559 El Camino RealCarlsbad, CA 92008

Property Details for 2559 El Camino Real

Year built

1980

Lot size

0.83 AC

Property size (Sq ft)

9,999 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Super regional malls

APN

156-302-26-00

APU

1563022600

Description

This exceptional 117,757-square-foot retail property, situated at 2559 El Camino Real in Carlsbad, California, presents a compelling investment opportunity. Built in 1970 and renovated in 2000, this former Macy's Furniture Gallery within The Shoppes at Carlsbad offers significant value-add potential. The property benefits from a highly visible location with excellent accessibility, boasting heavy foot traffic and superior demographics. Its prime position within a thriving retail node, just off the SR-78 (120,000 vehicles per day) and I-5 (213,085 vehicles per day) freeways, ensures exceptional visibility and convenient access for customers. The surrounding area includes a portfolio of high-volume retailers, further enhancing the property's appeal. This expansive space presents a unique chance for redevelopment, capitalizing on the strong existing infrastructure and advantageous location within San Diego County's commercial hub. The property's size and location make it ideal for a variety of retail uses, offering a substantial return on investment for the right buyer. The zip code is 92008.

• CAP approach

  CAP return

  Valuation

  6%

  $3,081,049

  6.5%

  $2,844,045

  7%

  $2,640,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,078,055

  Geo Method

  $8,868,757

• Alternative Use

  Use

  Valuation

  Residential

  $2,399,058

  Hospitality

  $2,197,524

  Educational

  $1,828,315

  Medical

  $1,891,193

  Retail

  $2,844,045

Location Insight

City

Carlsbad

County

San Diego

State

California

Latitude

33.1788

Longitude

-117.332

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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