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.