Owner/User or Mixed-Use Redevelopment | 939 W Main St
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Owner/User or Mixed-Use Redevelopment 939 W Main St
3,800 SF Retail Building El Cajon, CA 92020 £1,972,500 (£519/SF)
Investment Highlights
- Corner Trophy Property Warehouse for Possible Owner/User or Mixed-Use Redevelopment
- Located in the El Cajon Transit District Specific Plan
- Great Signage and Location on W Main Street Just Off HWY 8 Ramps
- Possible Acquisition of 3 More Parcels to the East with Seller in Subsequent Purchase
Executive Summary
The trophy asset on the west corner of W. Main Street and Millar is finally offered for sale and on the market for $2,500,000 as
existing industrial warehouse and seller can sell licenses. Or redevelop this corner and start fresh with a brand new retail/office
suites with upper shop keep units for the newest mixed-use project in El Cajon.
This City of El Cajon is screaming for developers to come in and revamp the area within the new Commercial Village overlay.
Contact me to learn more about this property. City of El Cajon has advised developers to look into the application of new state
laws AB2011 and SB6 which may help you to up-zone the residential component of this proposed redeveloped mixed-use. This
area is just east of the 8 freeway with frontage on W. Main St. as you enter El Cajon and walking distance to Trolley Line. City is
anxious to see this area redeveloped into a "North Park" of the east with tons of walking traffic, restaurants, retail, office and
some upper units. This area is just primed for your developers looking for a new mixed-use project with very low parking
requirement.
Buyer to investigate new SB 9 & SB 10 for increased housing to see if this industrial area and any conversions to residential units
will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon.
The seller owns the neighboring three parcels to the east also shown in this drone and are off market to be sold separately, but
allow for a developer to acquire four parcels for a larger mixed-use development. Other Parcels shown in drone have a vacant lot
927 W. Main Street offered off market and 925 W. Main Street office/retail is offered separately off market shown in drone.
Mechanics Shop at 935 W. Main is also off market and available.
Seller is interested in a possible separate sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer
looking for a larger project totaling just over 21,000 SF with all four lots combined.
OFF MARKET Vacant Lot and Commercial Building, APN's 487-282-28-00 & 487-282-29-00 sit in El Cajon's new Transit District
overlay zoning for mixed-use redevelopment site in the "Green Street Gateway". 487-282- 29-00 is approx. 5,198 SF Lot with an
approx. 1,650 SF office building with new roof as of May 28, 2019. 487-282-28-00 is approx. a 5,582 SF vacant Lot.
Two long term tenants with month-month bring in about $5,700/month (not including the mechanics shop 935 W. Main or
Warehouse at 939 W. Main.) Income could help with the wait for entitlements.
The four lots are backing an older residential neighborhood and near trolley by 2 blocks. For more info. Call Lesha Montoya
619-992-5863; LIC#02007808 Lesha@PacificCoastCommercial.com.
existing industrial warehouse and seller can sell licenses. Or redevelop this corner and start fresh with a brand new retail/office
suites with upper shop keep units for the newest mixed-use project in El Cajon.
This City of El Cajon is screaming for developers to come in and revamp the area within the new Commercial Village overlay.
Contact me to learn more about this property. City of El Cajon has advised developers to look into the application of new state
laws AB2011 and SB6 which may help you to up-zone the residential component of this proposed redeveloped mixed-use. This
area is just east of the 8 freeway with frontage on W. Main St. as you enter El Cajon and walking distance to Trolley Line. City is
anxious to see this area redeveloped into a "North Park" of the east with tons of walking traffic, restaurants, retail, office and
some upper units. This area is just primed for your developers looking for a new mixed-use project with very low parking
requirement.
Buyer to investigate new SB 9 & SB 10 for increased housing to see if this industrial area and any conversions to residential units
will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon.
The seller owns the neighboring three parcels to the east also shown in this drone and are off market to be sold separately, but
allow for a developer to acquire four parcels for a larger mixed-use development. Other Parcels shown in drone have a vacant lot
927 W. Main Street offered off market and 925 W. Main Street office/retail is offered separately off market shown in drone.
Mechanics Shop at 935 W. Main is also off market and available.
Seller is interested in a possible separate sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer
looking for a larger project totaling just over 21,000 SF with all four lots combined.
OFF MARKET Vacant Lot and Commercial Building, APN's 487-282-28-00 & 487-282-29-00 sit in El Cajon's new Transit District
overlay zoning for mixed-use redevelopment site in the "Green Street Gateway". 487-282- 29-00 is approx. 5,198 SF Lot with an
approx. 1,650 SF office building with new roof as of May 28, 2019. 487-282-28-00 is approx. a 5,582 SF vacant Lot.
Two long term tenants with month-month bring in about $5,700/month (not including the mechanics shop 935 W. Main or
Warehouse at 939 W. Main.) Income could help with the wait for entitlements.
The four lots are backing an older residential neighborhood and near trolley by 2 blocks. For more info. Call Lesha Montoya
619-992-5863; LIC#02007808 Lesha@PacificCoastCommercial.com.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
1972
Price
£1,972,500
Price Per SF
£519
Tenancy
Single
Number of Floors
1
Building FAR
0.73
Land Acres
0.12 AC
Zoning
G-C C-M - General Commercial , Light Industrial and retail
Parking
5 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
54 ft on West Main St
Amenities
- Bus Route
- Commuter Rail
- Corner Lot
- Fenced Lot
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 487-282-31 | Improvements Assessment | £37,907 |
| Land Assessment | £36,122 | Total Assessment | £74,029 |
PROPERTY TAXES
Parcel Number
487-282-31
Land Assessment
£36,122
Improvements Assessment
£37,907
Total Assessment
£74,029
-
Lesha Montoya -
Pacific Coast Commercial
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Owner/User or Mixed-Use Redevelopment | 939 W Main St
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