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2401 Imperial Ave San Diego, CA 92102
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Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Sold
Purchase Type For Sale
Square Footage 1,473 sqft
Price per Sqft $780
MLS Listing ID 240012702
Sold Date 10/11/24
Bedrooms 1
Half Baths 100
Year Built 1950
Lot Size 7,013 Sqft
Acres 0.16
Property Description
Welcome to 2401 Imperial Ave, an exceptional commercial property situated in the bustling heart of San Diego, CA. Boasting a prime location with high visibility and accessibility, this property presents an outstanding opportunity for investors seeking solid returns and value enhancement. With two well-established tenants—a thriving auto body shop and a bustling tire shop—this property enjoys a steady income stream with ample room for growth. The current 5.47% cap rate underscores its attractiveness as an investment, while the pro forma projection of a 7.62% cap rate highlights its potential for enhanced profitability. Strategically positioned to capitalize on the robust demand for automotive services in the area, this property offers investors the chance to maximize value through lease increases and value-added improvements. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to enter the lucrative commercial real estate market, 2401 Imperial Ave presents an enticing opportunity for success. Don't miss your chance to own a piece of San Diego's thriving commercial landscape. Schedule a viewing today and discover the endless possibilities awaiting you at 2401 Imperial Ave. Please call for a showing and details.
Location
State CA
County San Diego
Area San Diego (92102)
Zoning INDUSTRIAL
Interior
Heating Heat Pump
Cooling None
Flooring Slab
Exterior
Parking Features On Site, Public, Street
Roof Type Rock/Gravel
Building
Story 1
Lot Size Range .25 Acres or less
Others
Acceptable Financing Cash, Cash to New Loan
Space Rent $84,000
Listing Terms Cash, Cash to New Loan
Special Listing Condition Estate
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Bought with Anthony Joplin • Investment Realty Homes & Loan