37
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$4,900,000
Est. payment /mo
New
927-939 W Main Street El Cajon, CA 92020
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Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250035724
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
The portfolio from the corner of Millar and W. Main Street to just the middle of the block is finally offered for sale for $4,900,000, providing an opportunity to redevelop for the newest mixed-use project in El Cajon. From the City to Seller: "We're thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city's historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego's Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities." The City is inviting Developers to come and bring their MIXED-USE solutions to an area that deeply needs regeneration and life. This is the perfect block to start on. Seller has these four parcels starting with the vacant warehouse on the west corner of Millar Ave and W. Main St, a main thoroughfare into the City from both La Mesa and Santee. A portfolio sale would allow a developer acquire almost an entire block or about 21,000 SF +/-. This area desperately needs a shopping center with grocer, restaurants, small retail and office. The AB 2011 and SB6 allows a developer to expand his project and fulfill the needs of the city with the inclusion of residential or density units. The very low parking requirement sitting in the transit district should allow a developer to maximize their FAR for income producing suites and units.
Location
State CA
County San Diego
Area East County
Zoning Mixed Use
Direction HWY 8 East- Exit W. Main St. - 2 Blocks East of Freeway on Rt. Side.Corner of Millar and W. Main to first lot in middle of block
Interior
Heating Other/Remarks
Cooling Other
Flooring Slab
Fireplace No
Exterior
Parking Features Street
View Y/N No
Building
Lot Description Free Standing, Regional Shopping Center
Others
Special Listing Condition Call Agent
Listed by Lesha A Montoya Pacific Coast Commercial