121-123 W Grand Ave - Storefront FOR SALE


Escondido, CA 92025- Central Escondido
$769,000 USD
760-420-0050
121-123 W Grand Ave, Escondido, CA for Sale
$769,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

NEW


121-123 W Grand Ave
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • Located along historic Grand Avenue in downtown Escondido.
  • Two long-term commercial tenants provide in-place occupancy.
  • Street-front location offers visibility and customer exposure.
  • Established art gallery and barber shop tenant mix.
  • Surrounded by restaurants, retailers, galleries, and local businesses.
  • Existing rents reportedly below market levels, offering future upside potential.

OVERVIEW

This investment opportunity is located along Grand Avenue in Escondido's historic downtown district, an established commercial corridor known for its blend of restaurants, specialty retailers, galleries, and neighborhood-serving businesses. The property is improved with a single-story, two-unit commercial building totaling 1,600 square feet, with each unit occupying an equal portion of the building. The tenant mix consists of an art gallery and a barber shop, both of which have established operations at the property and long-term occupancy histories. The art gallery features a showroom area and restroom, while the barber shop includes a customer lobby, multiple barber stations, a restroom, and dedicated storage space. The property's location along Grand Avenue provides direct street frontage and visibility within one of Escondido's most recognizable commercial districts. Surrounding development is characterized by one- and two-story commercial buildings that contribute to the area's pedestrian activity and local business environment. The property's position within this established corridor supports continued tenant demand from service-oriented, retail, and specialty commercial users. Current tenancy offers in-place income with potential upside through future rent adjustments, as both existing leases are reported to be below prevailing market levels. The combination of long-term occupancy, established tenants, historic district location, and frontage along Grand Avenue creates an opportunity for investors seeking a downtown commercial asset with future income growth potential.

FOR SALE DETAILS

PRICE

$769,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

S-P

APN/PARCEL ID

233-062-06

ASK ABOUT THIS PROPERTY

Yvette ReeveMorgan Brown Real Estate INCMore Info
760-420-0050

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Yvette ReeveMorgan Brown Real Estate INCMore Info
760-420-0050

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