1194 N Imperial Hwy - Restaurant FOR SALE


Ocotillo, CA 92259
$565,000 USD
760-562-8000
1194 N Imperial Hwy, Ocotillo, CA for Sale
$565,000 USD
Restaurant - FOR SALE
1/2
null | Request Cap Rate

1194 N Imperial Hwy
Ocotillo, CA 92259


HIGHLIGHTS

  • This community is close proximity to Lithium Valley

OVERVIEW

DEVELOPERS AND INVESTORS OPPORTUNITY please Take a look at this great C-2 zoned 1.23 acre premier site location that includes 3 parcels: 1) Main Property at 1194 N Imperial Hwy (Parcel 014) it has a building of approx 2,028 sf currently leased to a BAR operator, and the rear residential unit of approx. 1,454 sq ft. 2) The second adjoining (Parcel 003) has a 1,113 sq ft (County record shows previously residential so it may remain per County of Imperial commercial uses permitted on C2 zoning. There is also a large shed on the back potentially a great carport/shop. The above 2 parcels are ideal for an investor income opportunity as well as to some LIVE/WORK site. The current improvement seemed to be approximately 4,571sq ft within the 2 parcels. Ask your contractor to upgrade these buildings, while you are planning to develop the *3rd parcel (parcel is 004), originally was permitted for a Mobile Home site, (its current condition is poor and requires major rehabilitation) and shows some new construction in recent to make habitable, so for now sellers are NOT accounting for said new space. Make a conceptual plan over the 3 contiguous parcels of 54,000 sf area. PLEASE NOTE the Sale of this property DOES NOT INCLUDE Any business operation on site and /or the private property owned by current tenants. Tenants will work buyers with occupancy needs. Buyer shall Verify with County Imperial intended use and required zoning and building conditions.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,471 SF

ZONING

C-2

APN/PARCEL ID

033-555-004-000,033-555-014-000

ASK ABOUT THIS PROPERTY

Linda Barrientos BRE# 01092902LINDA REAL ESTATE, INCMore Info
760-562-8000

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Linda Barrientos BRE# 01092902LINDA REAL ESTATE, INCMore Info
760-562-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.