927-939 W Main Street, El Cajon, CA 92020 - MLS#250035724

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 4,900,000

Est. payment | -/mo

Save

$ 4,900,000

Est. payment | -/mo

Save

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

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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927-939 W Main Street El Cajon, CA 92020