495 W Main ST, El Centro, CA 92243 - MLS#25620407 - Matt O'Brien

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Matt O'Brien

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

$ 950,000

Est. payment | -/mo

6,695 Sqft Lot

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$ 950,000

Est. payment | -/mo

Save

6,695 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25620407

HOA Y/N No

Year Built 1990

Lot Size 6,695 Sqft

Property Description

Excellent Rehab/Development Opportunity. Mixed-use potential with first-floor retail(COIN LAUNDRY, CONVENIENT STORE, BARBER SHOP, DONUT SHOP, SMOKE SHOP), 2nd floor currently offices, CAN BE CONVERTED INTO live/work studio apartment(40 to 46 UNITS) option. Offers substantial vacant space for additional income (buyer to verify with city). Located in a high-demand area with a 99.9% apartment occupancy rate in El Centro and nearby hotel booking rates exceeding 120%. MAKING THIS PROPERTY VALUE TO BE $4,000,000.00 to $6,000,000 +(after 1st floor renovation) at CAP 6%REMODEL ESTIMATES CAME IN AT $900,000. LOCAL MANAGEMENT AVAILABLE. SECURING GOVERMENT CONTRACT TALKS WITH FEDERAL LEVEL.

Location

State CA

County Imperial

Area Elcn - El Centro

Interior

Fireplace No

Others

Tax ID 053114018000

Special Listing Condition Standard

Listed by Max Lee Real Broker

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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495 W Main ST El Centro, CA 92243