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1523 W Main Street - Valley Plaza, El Centro, CA
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1523 W Main Street - Valley Plaza
El Centro, CA 92243
Existing , Renov 2006
1.54 AC (67,082 SF)
Total Space Avail:
$15.00 - $16.20
300 Surface spaces are available; Covered spaces
Dedicated Turn Lane, Signalized Intersection
The Valley Plaza is ideally located at one of the busiest intersections in El Centro, Imperial Avenue and Main Street. The center is the first large shopping center when traveling north from Interstate 8 on Imperial Avenue, the main retail corridor. Main Street and State Street make up the center of the Imperial Valley's business district. The Valley Plaza also serves as one of the main shopping centers for the surrounding residential communities. Other tenants in the center (not included in this offering) are El Centro Ranch Market (a 40,000 sf Hispanic supermarket), Big Lots, a top-performing Rite Aid and Starbucks.
El Centro is the center of one of Southern California's most promising new commercial and industrial regions and was recently ranked the nation's #15 Hottest Small City to do business in by Inc Magazine. The area has been experiencing a tremendous boom with 34% growth over the last decade and over 20,000 homes in the development pipeline.
The Imperial Valley economy also benefits from its close proximity to the border city of Mexicali, with a population of approximately 1,200,000. Retail growth is also strong with Target and Lowe's having recently opened on Imperial Avenue near Wal-mart, along with a brand new 750,000 sf regional mall that opened in March of 2005.
Auction.com presents on behalf of a large national financial institution the unique opportunity for qualified parties to acquire a 42,205 SF retail shopping center in El Centro, California. The Subject Property is currently 58% occupied and is part of a larger 298,000 SF neighborhood center. Valley Plaza Retail Center is well located in the heart of El Centro, approximatel 3 miles from Interstate 8, at the intersection of Imperial Avenue and West Main Street. The property boasts excellent frontage on Imperial Avenue and is leased to nationally recognized companies such as Aaron Rents, Sketchers, Clear Talk Wireless, and Advance America. Located 117 miles east of San Diego and just 15 minutes from the international industrial complexes in Mexicali, Baja California, El Centro is accessible via interstate 8, State Highway 86 and State Highway 111.
Auction date 12/13/11.
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Coldwell Banker Wilkinson Team
Danny W Wilkinson
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