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1950 S 4th Street - Mission Center, El Centro, CA
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1950 S 4th Street - Mission Center
El Centro, CA 92243-4723
2.19 AC (95,396 SF)
Total Space Avail:
55 Surface spaces are available; Ratio of 2.84/1,000 SF
Pylon Sign, Signalized Intersection
Well Maintained Shopping Center
" The current owner is also the original developer of Mission Center and has taken great pride over the years to keep the property in excellent condition. The landlord has spent over $400,000 in the last 3 years improving the property.
" Recent improvements include repairs to the roof, he has replaced the entire parking lot with concrete, he has replaced most of the HVAC units within the last 3 years and painted the exterior of the property. There is not much, if any, capital improvements or deferred maintenance to the future owner.
Excess Land For Future Development
" The offering includes approximately ½ acre of land that is immediately available for development increasing potential income and overall return. A subsequent owner has the ability to develop separately or redevelop the entire shopping center.
" Pursuant to the zoning regulation, the subject property is zoned CG which allows for a 50% lot coverage or an additional 28,000 sf (assuming parking requirements are also met)
" An investor has the opportunity to immediately realize potential upside upon leasing the one remaining vacancy of the center.
CLICK HERE TO CONTACT THE LEASING BROKER
FOR LEASE CONTACTS
Texas General Corp
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