Property profile

1324 Main St El Cajon, CA 92021

OFF-MARKET
Turn key restaurants
Property ID
US09-9089522
5,600 SF 0.97 ac lot Built 1963
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,661 square foot retail property, located at 1324 E Main St, El Cajon, CA 92021, presents a remarkable investment opportunity. Situated on a one-acre lot within a thriving commercial corridor, this property boasts 74 parking spaces and excellent street frontage, ensuring high visibility and accessibility. The property is zoned C-G General Commercial, allowing for diverse uses including grocery, restaurant, and other retail options. Its prime location offers convenient freeway access via Interstate 8, maximizing exposure to a large customer base. The property's strategic position within an Opportunity Zone further enhances its investment appeal, with the potential for significant future growth fueled by neighboring developments. A newly approved 125,000 square foot self-storage and mailing center adjacent to the property promises increased foot traffic and enhanced visibility. Potential uses include medical facilities, quick-service restaurants with drive-through capabilities, and car washes. The APN is 489-180-73-00. Don't miss this chance to capitalize on the growth potential of this exceptional El Cajon retail center.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Total area 5,600 SF
Lot 0.97 ac (42,253 SF)
Zoning code COMMERCIAL
APN 489-180-73-00
UPID US09-9089522

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1324 Main St El Cajon, CA 92021-6532
El Cajon metro Census 15701 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$930k

Owner & transaction history

since 2022
Last sale
$1.7M
3 recorded transactions
2022
Price N/A
2020
$1.7M
2009
Price N/A

Zoning & alternative use

COMMERCIAL · El Cajon, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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