$1,230,000
$1,175,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
50 Baths
4,338 Sqft Lot
SOLD DATE : 08/07/2023
Key Details
Sold Price $1,230,000
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220027280
Sold Date 08/07/23
Half Baths 100
Year Built 1964
Lot Size 4,338 Sqft
Acres 0.1
Property Description
JUST REDUCED! SBA Appraised at $1,250,000...great deal! Sale includes vacant lot located behind building that is an additional 6,071 Sq Ft on Citronella (480-401-09). Incredible development opportunity to build residential units on vacant lot. New state laws planned to go into effect 2023 that allows residential in commercial zones without discretionary approval (See Bills AB2011 and SB6). Untapped potential with these 2 commercial units (currently occupied by 1 tenant) and 2 residential units as well as the vacant lot.
Location
State CA
County San Diego
Area Lemon Grove (91945)
Zoning COMMERCIAL
Exterior
Garage On Site, Other/Remarks, Private
Others
Acceptable Financing Cash, Other/Remarks
Space Rent $59,100
Listing Terms Cash, Other/Remarks
Financing Other/Remarks
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Bought with Jason Lipovsky • Venture Pacific Properties
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States