450 Fletcher PkwyEl Cajon, CA 92020

Property Details for 450 Fletcher Pkwy

Lot size

2.67 AC

Property size (Sq ft)

71,532 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

483-071-36-00

APU

4830713600

Description

This exceptional commercial property, Parkway Center, located at 450 Fletcher Parkway in El Cajon, California (zip code 92020), offers a unique opportunity for businesses seeking high-visibility retail and/or office space. The building features seven suites spread across two floors, providing a variety of sizes to accommodate diverse needs. This prime location sits at a four-way signalized intersection on Fletcher Parkway, boasting impressive daily traffic counts exceeding 39,000 vehicles. The property benefits from ample on-site parking (approximately 65 spaces), ensuring convenient access for employees and customers. Enjoy excellent co-tenancy with established businesses such as US Bank, Citi Bank, Plato's Closet, and Stallion Arena Fitness, further enhancing the property's appeal and drawing significant foot traffic. Benefit from prominent pylon and building signage opportunities to maximize brand visibility. Parkway Center's strategic location offers easy access to major transportation arteries, including Interstate 8 and CA-67, situated just 0.2 miles away. The property is directly across the street from Parkway Plaza, El Cajon's regional indoor mall, placing your business within a thriving retail environment and a strong regional trade area characterized by a mix of large credit retailers. This is a truly exceptional opportunity to establish your business in a high-traffic, highly visible location within a well-established commercial center. The property is classified as both Traditional and Creative Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $23,356,950

  6.5%

  $21,560,262

  7%

  $20,020,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,665,722

  Geo Method

  $63,446,336

• Alternative Use

  Use

  Valuation

  Residential

  $18,186,888

  Hospitality

  $16,659,091

  Educational

  $13,860,168

  Medical

  $14,336,841

  Retail

  $21,560,262

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.8085

Longitude

-116.967

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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