248 W Lexington Avenue
El Cajon, CA 92020

Description

BITE size 1031 EXCHANGE INVESTMENT Mixed-Use DOWNTOWN CORNER LOT for $385,000 Excellent High Visibility, High Traffic, Flat Corner Lot, Zoned Commercial-Residential has great potential for multiple Commercial Business Types. Answering Service, Hair Salon, Nail Salon, Smoke Shop, Sandwich Shop, Massage Spa, Attorney Office, CPA Service, Insurance Business, etc. Located downtown, near city improvement projects. Bordering residential neighborhood, Walking Distance to shops, schools, churches and more. Lot Size is 4,342s.f., Existing Structures include: Main Structure is 730s.f., Second Structure is 100s.f. 3 Car Parking Spaces and curb parking surrounds. Property is a detached single-family residence that is currently operated as a Commercial Business. As-Is, the Property has potential to be any number of Commercial Businesses, noting the Business-friendly City of El Cajon Building Department indicates there is potential to develop a Mixed-Use Multi-Unit Property. As-Is Property generates over $2,500 per month. Buyer to confirm approved business types with the City.

Details

MLS#OC19005423
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Days On Site72

Features

SQ Feet729
Story(s)1
ZoningCR

Market Activity 92020

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Area Information

StateCA
CountySan Diego
CityEl Cajon
Zip Code92020
AreaELC - El Cajon
Listing VS Median (in 92020)
Price:
$385,000
low | high
Med:
$639,900
16.207792207792% of Average
SqFt:
729
low | high
Med:
1,912
100% of Average
$ / SqFt:
$528
low | high
Med:
$335
86.628932782699% of Average
On Site:
72
low | high
Med:
20
100% of Average
Listing Updated: 05/23/2019
MLS Number: OC19005423
Listing Provided By:
Graham Monteath  of  Barry Burnett Realty Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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