7919 Broadway, Unit 23, Lemon Grove, CA 91945-1809
- Retail space
- 5,986 SF
- 0.32 lot acres
Current Use by Public Records
- Lemon Grove Antique Mall / Home Decor Store / (Bike/Boat/Book/etc) Store
- Antiques & Collectibles / Home Decor Store / (Bike/Boat/Book/etc) Store
Property Details for 7919 Broadway
- Year built
- 1955
- Lot size
- 0.32 lot acres
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 480-112-08-00
- APU
- 4801120800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 27, 2025 | $1,175,000 | Vincent J Peppard | Steven P Martin | Grant Deed | — |
| Jun 16, 2022 | — | Steven P Martin | Linda C Martin | Intrafamily Transfer · related | — |
| Apr 21, 2022 | — | Linda C Martin | Linda C Martin | Intrafamily Transfer · related | — |
| Nov 30, 2021 | — | Linda C Martin | Nadine May | Intrafamily Transfer · related | — |
| Nov 19, 2021 | — | Nadine May | Charles H May | Affidavit Of Death Of Joint Tenant · related | — |
| Apr 10, 1996 | $150,000 | Charles H May | Borgerding Investment Co | Grant Deed | $115k · Seller |
Description
This exceptional 5,802 square foot storefront property, located at 7919 Broadway in Lemon Grove, California (zip code 91945), presents a unique investment opportunity. Built in 1955, this single-story building sits on a 14,177 square foot lot (APN 480-112-08-00) and is zoned for commercial use. Currently vacant, the property offers significant potential for a variety of retail uses, particularly given its established history as a popular antique mall. The property's prime location in a bustling area ensures high foot traffic and easy access from major roads and public transportation. The building's spacious layout allows for flexible configuration to suit diverse retail needs. Ample on-site parking is available for customers. This is a rare chance to acquire a well-situated retail space in a vibrant community with a strong existing customer base and potential for future growth. The property is offered as a modified lease with multi-tenancy potential. The remaining lease term is zero years, providing immediate occupancy for the new owner. This presents a blank canvas for a new business venture or the revitalization of a beloved community landmark. The property's history as a successful antique mall provides a strong foundation for future success.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,565,000
- 6.5%
- $1,445,000
- 7%
- $1,345,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,609,000
Market price range: $1.20M - $2.78M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,005,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,885,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lemon Grove
- County
- San Diego
- State
- California
- Longitude
- -117.028
- Latitude
- 32.7424
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
