2358 Tavern
Alpine, CA 91901

$2,395,000

Description

EXTREMELY RARE OPPORTUNITY to own a fully developed 2.64 acre commercial property in Alpine CA. It is fully leased with staggered expiration dates and a good mix of tenants. It could be perfect for an owner-user with income or pure investment, Cap Rate 6.25%. The property is zone RC (Residential Commercial) and has a 1,246 SF residence on it with 13,529 SF of commercial improvements. These improvements incorporate a 3 unit 5,379 SF office building, 1,350 SF of storage garages consisting of 5 separate units, a 4,800 SF warehouse with interior office improvements, and an additional 2,000 SF warehouse split into two separate units both with interior improvements. In addition, there is a covered work area and fenced storage. There is plenty of parking and potentially room for other land uses. Owner may carry up to $1,000,000. SEE SUPPLEMENT Cooling: Central Forced Air Elec,Central Forced Air Gas

Details

MLS#180067527
StyleIndustrial
Sub-TypeLease
StatusActive
Year2008
Days On Site75

Features

Story(s)0
Units12
ZoningRC

Market Activity 91901

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Area Information

StateCA
CountySan Diego
CityAlpine
Zip Code91901
Listing VS Median (in 91901)
Price:
$2,395,000
low | high
Med:
$704,900
100% of Average
On Site:
75
low | high
Med:
69
100% of Average
Listing Updated: 05/26/2019
MLS Number: 180067527
Listing Provided By:
Ronald Brookshire  of  The Property Place Inc
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