NEW MESSAGE FROM THE CITY TO SELLER!! "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street. " "What does this mean for our community? Get ready to see positive changes in the coming months: • Thriving New Businesses: Empty storefronts will soon house new restaurants, cafés, boutiques, and breweries, giving you more places to shop, dine, and enjoy local flavor. • Lively Events & Nightlife: From expanded outdoor events to live music nights, downtown will be buzzing throughout the week – not just on special occasions. (Imagine art walks, night markets, and family-friendly festivals bringing Main Street alive!) Plus, the City is updating old regulations to welcome more entertainment options, so you can enjoy a fun evening out right here in El Cajon. • Clean, Safe & Welcoming Streets: Expect to see cleaner sidewalks, improved lighting, beautiful landscaping, and public art that celebrates El Cajon’s heritage. Our revitalization plan includes a compassionate approach to homelessness, working with outreach teams to help our unhoused neighbors so everyone feels safe and welcome downtown." "This downtown revitalization is all about community. It’s a collaborative effort by local business owners, city leaders, and residents like you to create a downtown we can all be proud of. The vision is a bustling hub of culture and commerce that reflects El Cajon’s unique spirit – a place where families stroll the sidewalks, friends meet up for coffee, and entrepreneurs thrive. As these plans take shape, you’ll start to see tangible changes: new storefronts opening their doors, more events filling the calendar, and a renewed sense of excitement on Main Street. We invite you to be a part of this journey – come out and enjoy downtown, support our local businesses, and share your ideas. There’s never been a more exciting time to invest in Downtown!" See news reel link from City https://www.youtube.com/watch?v=09m1aSZ-0UE The portfolio from the corner of W. Main Street and Millar to the middle of the block is finally offered for sale for $4,900,000, providing an opportunity to redevelop for the newest mixed-use project in El Cajon. Now for Sale individually - Vacant Lot approx. 5,582 SF +/- offered at $1,100,00 APN 487-282-28-00 and a Live/Work Industrial Commercial Building (with new roof as of May 28, 2019)is 1650 SF +/- on a 5, 219+/-SF lot offered separately at $1,300,000 APN: 487-282-29-00 both sitting in El Cajon's new Transit District overlay zoning for mixed-use redevelopment site in the "Green Street Gateway". Three long term tenants with month-month bring in about $8,350/month on three most eastern parcels (including the mechanics shop OFF MARKET at 935 W. Main) abutting recently vacated corner Warehouse at 939 W. Main and Millar St. which had an income of $3500/m with m-m tenant. The City is inviting Developers to come and bring their MIXED-USE solutions to an area that deeply needs regeneration and life. This is the perfect block to start on. Seller has these three parcels with the vacant warehouse on the west corner of Millar Ave and W. Main St, a main thoroughfare into the City from both La Mesa and Santee. A portfolio sale would allow a developer acquire almost an entire block or about 21,000 SF +/-. This area desperately needs a shopping center with grocer, restaurants, small retail and office. The AB 2011 and SB6 allows a developer to expand his project and fulfill the needs of the city with the inclusion of residential or density units. The very low parking requirement sitting in the transit district should allow a developer to maximize their FAR for income producing suites and units. City wants this to be a walking, pedestrian friendly district. The project will serve not only the hundreds of employees at major car dealerships, but also the residential homes directly backing these parcels. The city is anxiously awaiting a developer to work with on rejuvenating this area to benefit its community. All 3D Modeling and Visualization is taken directly from the City of El Cajon's Transit District Specific Plan. These parcels sit within the KEY NODES and focus for their development around key intersections and the transit station. BRING YOUR DEVELOPERS TO EL CAJON. With recent passage of AB 2011 and SB6, residential units are getting a major push from the State and allowing for underutilized and vacant industrial, commercial to provide for the much needed housing our county lacks. This Mixed-Use Project could be the solution. DEVELOPER INCENTIVES from the City under 3.12 pg. 22 of EL CAJON TRANSIT DISTRICT SPECIFIC PLAN. (VIEW LINK) ? DO NOT DISTRUB TENANTS ? TENANT IS NOT AWARE OF SALE ? ALL TENANTS ARE MONTH-TO-MONTH ? Investment Type: 4-Parcel Sale for Mixed-Use Development ? Lot Size: Approx. 21,000 SF ? APN's: 487-282-27-00, 487-282-28-00, 487-282-29-00,487-282-31-00 ? Zoning: Commercial with Mixed-Use Overlay ? Sale Price: $4,900,000 PROPERTY HIGHLIGHTS ? Location on W Main Street Just Off HWY 8 Ramps ? Located in the El Cajon Transit District Specific Plan ? City of El Cajon Anxious to Work with Developer to Revamp Industrial Area ? City Directs Buyers to AB 2011 and SB 6 for Increased Residential Density and Mixed-Use ? Located in the El Cajon Transit District Specific Plan, Blocks from Trolley Hub and Bus Line ? 173,780 Cars Per Day on Interstate 8 (0.4 Mile Away) with Off Ramps Feeding into this Street at Signal ? Chance to Acquire 4 Parcels on W. Main Street first time in more than 40 years