1620 San Elijo Rd, San Marcos, CA 92078
- Retail space
- 23,333 SF
- 1.80 lot acres
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
- Downtown Academics / Tutoring Service
- Sourdough & Co. / Take-out & Catering
Property Details for 1620 San Elijo Rd
- Year built
- 2018
- Lot size
- 1.80 lot acres
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 223-630-27-00
- APU
- 2236302700
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 11, 2019 | $16,000,000 | Gershman Properties LLC | Seh Lifestyle Center LLC | Grant Deed | $8M · Federal Credit Union |
Description
This exceptional retail opportunity is located within the vibrant San Elijo Hills Town Center at 1620 San Elijo Rd, San Marcos, CA 92078. The property offers three available spaces, ranging from 1,033 to 1,100 square feet, totaling 2,133 square feet of vacant space. Ideally situated in San Diego County's San Elijo Hills submarket, this location benefits from high visibility and accessibility. The property enjoys a prime position at a signalized intersection directly across from an Albertsons grocery store, ensuring significant foot traffic and convenient access for customers. This retail center is centrally located within the master-planned community of San Elijo Hills, a thriving residential area with over 3,500 homes within the community itself and over 23,482 homes within a three-mile radius. This translates to a substantial and readily available customer base for any retail business. The property's strategic location within the Town Center District provides excellent exposure and accessibility, making it an ideal location for a variety of retail uses. This is a rare opportunity to establish a business in a high-demand, well-established community with strong demographics and significant growth potential. The property is classified as Retail, with Multiple Tenancy.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,110,000
- 6.5%
- $5,640,000
- 7%
- $5,235,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,218,000
Market price range: $1.15M - $6.22M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $7,085,000 Current use
- AUTO REPAIR, GARAGE
- $8,910,000 Change: +26% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $7,345,000 Change: +4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- San Diego
- State
- California
- Longitude
- -117.201
- Latitude
- 33.0976
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
