2001 8Th St El Centro, CA 92243
- Commercial real estate
- 12.57 lot acres
Current Use by Public Records
- Las Brisas Apartments / Apartment Complex
- El Centro Family Apartments / Apartment Building
- Chelsea Investment Corporation / Investment Service
Property Details for 2001 8Th St
- Lot size
- 12.57 lot acres
- Property type
- Commercial real estate
- APN
- 044-220-110-000
Description
This exceptional 12.57-acre commercial and industrially zoned land parcel, located at 2001 N 8th St, El Centro, CA 92243 (APN 044-220-110-000), is offered at $3,000,000. The property boasts a prime location on a signalized intersection with high daily traffic counts (24,300 vehicles), ensuring excellent visibility and accessibility. Its strategic placement near Dorian Court and surrounded by new residential and commercial developments, including major retailers, creates a strong demand driver. The land's 547,549 square feet offers significant development potential, particularly for storage facilities, given the area's 93% occupancy rate and lack of competing projects in the pipeline. The El Centro Metropolitan Statistical Area's stable population growth (178,713 residents) and projected future economic growth fueled by lithium mining further enhance the investment's long-term prospects. The land value is $5.48 per square foot. This presents a unique opportunity to capitalize on a thriving market with substantial upside potential, estimated at a $20 million valuation upon stabilization and $6 million in equity. The property's industrial zoning allows for a variety of uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Centro
- County
- Imperial
- State
- California
- Longitude
- -115.56154941022
- Latitude
- 32.81431871087
