2505 Scaroni Rd - Restaurant FOR SALE


Calexico, CA 92231
$1,500,000 USD
650-279-5790
2505 Scaroni Rd, Calexico, CA for Sale
$1,500,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

2505 Scaroni Rd
Calexico, CA 92231


HIGHLIGHTS

  • Ideal Owner/User or Investor value add opportunity
  • Zoned (CH) Commercial Highway — Accommodates Multiple Conforming Uses
  • Prime SR-111 Corridor with reported ±37,000 VPD
  • Cross-Border Trade Area | Adjacent to Mexicali (1.2M+ Residents; ~30,000 daily border crossings)

OVERVIEW

The subject property is a ±5,400 square foot freestanding restaurant building situated on a +/-1.14-acre parcel of land in Calexico, California. Built in 2003, the property has operated as an Applebee’s Neighborhood Grill & Bar since that time. The building will be delivered vacant, presenting an investor or owner-user with the opportunity to acquire a well-maintained, restaurant-ready building at a basis well below replacement cost — offered at just $277.78/Sq. Ft. The subject property fronts onto State Route 111 (Imperial Avenue) — Calexico’s most heavily trafficked commercial artery — with strong visibility, and approximately 37,041 vehicles per day. Adjacent to a Hampton Inn & Suites and near national retailers including Walmart, Pizza Hut, T-Mobile, Denny’s, and McDonald’s, the site benefits from consistent daily traffic from local residents, commuters, and cross-border visitors. The property is equipped with 109 on-site parking spaces, which equates to a parking ratio of roughly 20 spaces per 1,000 sq.ft. The subject property is zoned Commercial Highway (CH), a designation that accommodates multiple conforming uses including full-service and fast-food restaurants, hotels and motels, shopping centers, supermarkets and pharmacies, medical and health service offices, banks and financial institutions, and athletic/health clubs. Calexico is located in the El Centro MSA in the southeastern portion of Imperial County, directly adjacent to Mexicali — a metro area of over 1.2 million residents. The Calexico-Mexicali port of entry facilitates approximately 30,000 daily vehicle crossings, and cross-border shoppers from Mexicali represent a meaningful share of the city’s retail sales tax base. Ongoing public investment — including the Calexico West Land Port of Entry modernization, the Gran Plaza Outlets retail center, a new Calexico Unified School District high school campus, and downtown revitalization initiatives — continues to strengthen long-term demand in the trade area. Within a 3-mile radius, the trade area population totals approximately 39,371 residents with an average household income of $80,415, reflecting a stable consumer base for retail and restaurant uses.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

(CH) Commercial Highway

APN/PARCEL ID

059-010-046-000

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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