540 N El Camino Real San Clemente, CA 92672
- Retail space
- 2,040 SF
- 0.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 540 N El Camino Real
- Year built
- 1962
- Lot size
- 0.09 lot acres
- Property size
- 2,040 SF
- Property type
- Retail space
- APN
- 058-062-56
- APU
- 5806256
Description
This exceptional commercial property, located at 540 N El Camino Real in San Clemente, California (92672), presents a unique investment opportunity. The 3,244 square foot freestanding building boasts a prime location in an Opportunity Zone, directly across from Denault's Hardware, ensuring high visibility and street exposure. The property features a convenient street-to-street lot, providing access from El Camino Real to a rear alleyway, and includes 7 onsite parking spaces. The building has undergone significant recent updates, including new flooring, tile work, bathrooms, paint, and air conditioning. Three separate meters for electricity and gas, along with two AC units, offer efficient utility management. A 507 square foot loading area offers potential for expansion or separate lease. Currently, approximately 50% of the building is leased to a reputable business at $4,805 per month on a three-year lease with annual increases and a three-year option. The remaining space is available for lease at $4,000 per month, or for owner-occupancy. This meticulously maintained property offers a blend of immediate income and significant upside potential. The asking price is $1,999,999.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,005,000
- ML approach
- $980,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $770,000
- 6.5%
- $715,000
- 7%
- $660,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $995,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $955,000 Change: -4% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $910,000 Change: -8% Conversion: Difficult
- OFFICE BUILDING
- $875,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- San Clemente
- County
- Orange
- State
- California
- Longitude
- -117.617
- Latitude
- 33.4298
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA