1002 Imperial AveEl Centro, CA 92243

Property Details for 1002 Imperial Ave

Lot size

0.82 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

064-470-108-000

APU

64470108000

Description

This exceptional Class A retail property, located at 1002 N Imperial Ave, El Centro, CA 92243, offers a prime opportunity for businesses seeking high-traffic exposure. The 5,623 square foot building, constructed in 1982 and extensively renovated in 2023, features three suites with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 2,513 square feet currently available. The building boasts excellent visibility on Imperial Avenue (Highway 86), a major thoroughfare with a daily traffic count of 28,276 vehicles. Its strategic location at a signalized intersection ensures easy access for customers. The property benefits from its proximity to numerous national retailers, establishing it within a thriving commercial corridor. Furthermore, its adjacency to a brand-new city library and potential future redevelopment projects promises continued growth and increased foot traffic. The building's design allows for the potential addition of a drive-thru, adding further appeal to prospective tenants. This is a rare opportunity to secure a well-located, newly renovated retail space in a rapidly developing area of El Centro, Imperial County, California.

• CAP approach

  CAP return

  Valuation

  6%

  $14,431,028

  6.5%

  $13,320,949

  7%

  $12,369,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,790,109

  Geo Method

  $31,681,482

• Alternative Use

  Use

  Valuation

  Residential

  $11,236,719

  Hospitality

  $10,292,774

  Educational

  $8,563,467

  Medical

  $8,857,978

  Retail

  $13,320,949

Location Insight

City

El Centro

County

Imperial

State

California

Latitude

32.8018

Longitude

-115.571

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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