MLS PTP2402453 | Listing Information | Berkshire Hathaway HomeServices California Properties | Berkshire Hathaway HomeServices California Properties
FOR SALE
$850,000  

Address Not Available
National City, CA 91950

Retail, Business Opportunities
Commercial
1,400
Sq. Ft.
4,522
Sq. Ft. Lot
Listing Agent: John Van Tassel CalDRE: 01723635 - The Real Estate Agency, [email protected]

Description for Address Not Available National City, CA 91950

Excellent Investment Opportunity! Current cap rate is 4.37% with the potential to increase it to a 6.5% cap rate. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty saloon is currently below market rate with the ability to increase it to the same as the restaurant space now. This would bring you to the 6.5% cap rate. Tenants pay all their own utilities. Landlord pays taxes and insurance only.

Property Details

PTP2402453
Retail, Business Opportunities, 1 Story
San Diego
1955
4,522 Sq. Ft.
1
1,400 Sq. Ft.
1 Total
Exterior / Lot Features
Parking
0 Covered Parking Spaces.
Zoning
Commercial
Additional Exterior/Lot Features
0-1 Unit/Acre.
Financial Considerations
5611720100
Cash, Conventional

Market Trends

Listing Agent: John Van Tassel CalDRE: 01723635 - The Real Estate Agency, [email protected]
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