2018 Imperial Ave, El Centro, CA 92243-1323

This exceptional redevelopment opportunity presents a 7,800 square foot vacant restaurant building situated on a 34,412 square foot lot in El Centro, California. Located at 2018 N Imperial Ave, this property boasts a prime location along a major retail corridor with approximately 145 feet of frontage, benefiting from high visibility and exposure to an estimated 30,000 vehicles per day at a signalized intersection. The building, previously a Golden Corral, was renovated in 2003 and offers significant potential for various uses, given its heavy commercial zoning. The property includes ample parking for 50 vehicles. Its strategic location within a dense retail hub places it in close proximity to major national retailers including Costco, Lowe's, Walmart, and Target, ensuring high foot traffic and brand recognition. The asking price is $2,180,000, representing a price per square foot of $279.49 and a pro-forma cap rate of 8.37%, with a pro-forma NOI of $182,520. The property's APN is 064-450-048-000. This is a rare chance to acquire a substantial property in a thriving retail area with significant upside potential. The property is less than half a mile from a high-performing Walmart Supercenter. This one-story building offers a flexible interior space ready for customization to suit a variety of business needs. The substantial lot size provides excellent signage opportunities.