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Property profile & analytics
OFF-MARKET Estimated value $1,405,000
Turn key restaurants

1324 Main St El Cajon, CA 92021-6532

5,600 SF 0.97 ac lot Built 1963
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US09-9089522
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pizza Stop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.41M
Owner & transaction history
Main & Walter LLC · 3 yrs held
Main & Walter LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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