7140 University Ave La Mesa, CA 91942-5947
- Retail space
- 5,808 SF
- 0.50 lot acres
Current Use by Public Records
- Perfect Beauty Center / Beauty Salon
- The Twist Chic / Hair Salon / Barber Shop
- Believe In God Ministries / Religious Organization
Property Details for 7140 University Ave
- Year built
- 1979
- Lot size
- 0.50 lot acres
- Property size
- 5,808 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 474-150-29-00
- APU
- 4741502900
Description
This exceptional 6,000-square-foot retail building in La Mesa is undergoing complete renovations and offers a fantastic opportunity for businesses seeking high-visibility space. The property is situated in a prime location boasting impressive daily traffic counts exceeding 21,000 vehicles. The entire building is available for lease, or individual suites starting at 1,000 square feet can be leased separately, providing flexibility for various business needs. The property features ample onsite and off-street parking for customer convenience. Potential tenants will benefit from the possibility of prominent monument signage, maximizing brand exposure. This location is designated CFD-MU within the City of La Mesa, allowing for a wide range of potential uses. The asking rent is competitive, ranging from $2.00 to $2.25 per square foot, plus low net operating expenses (NNN). This is a rare opportunity to secure a well-located, renovated retail space in a thriving area with high traffic volume and excellent visibility. Don't miss out on this chance to establish your business in a dynamic and accessible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $955,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $835,000
- 6.5%
- $905,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $925,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $880,000
- Retail
- $990,000
- Mixed-Use
- $810,000
- Hospitality
- $715,000
- Educational
- $1,000,000
- Residential Income
- $755,000
- Energy
- $790,000
- Income-Based Land
- $975,000
- Food Service
- $990,000
Location Insight
- Map
- Local Demand
- City
- La Mesa
- County
- San Diego
- State
- California
- Longitude
- -117.044
- Latitude
- 32.7552
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
