$1,150,000
$1,259,302
8.7%For more information regarding the value of a property, please contact us for a free consultation.
7,013 Sqft Lot
SOLD DATE : 10/11/2024
Key Details
Sold Price $1,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240012702SD
Sold Date 10/11/24
HOA Y/N No
Year Built 1950
Lot Size 7,013 Sqft
Property Description
Welcome to 2401 Imperial Ave, an exceptional commercial property situated in the bustling heart of San Diego, CA. Boasting a prime location with high visibility and accessibility, this property presents an outstanding opportunity for investors seeking solid returns and value enhancement. With two well-established tenants—a thriving auto body shop and a bustling tire shop—this property enjoys a steady income stream with ample room for growth. The current 5.47% cap rate underscores its attractiveness as an investment, while the pro forma projection of a 7.62% cap rate highlights its potential for enhanced profitability. Strategically positioned to capitalize on the robust demand for automotive services in the area, this property offers investors the chance to maximize value through lease increases and value-added improvements. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to enter the lucrative commercial real estate market, 2401 Imperial Ave presents an enticing opportunity for success. Don't miss your chance to own a piece of San Diego's thriving commercial landscape. Schedule a viewing today and discover the endless possibilities awaiting you at 2401 Imperial Ave. Please call for a showing and details.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning INDUSTRIAL
Interior
Heating Heat Pump
Fireplace No
Others
Tax ID 5356601200
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Bought with Anthony Joplin • Investment Realty Homes & Loan
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Broker Associate | Lic# 00870450