431 Jeb Stuart rd - Dormitory FOR SALE


Campo, CA 91906 | 
$5,995,000 USD
619-602-0263
431 Jeb Stuart rd, Campo, CA for Sale
$5,995,000 USD
Dormitory - FOR SALE
1/24
null | Request Cap Rate

431 Jeb Stuart rd
Campo, CA 91906


HIGHLIGHTS

  • An entire historic town on about 15.75 acres across three parcels, one hour east of San Diego
  • 28 residential units plus a commercial core anchored by federal tenants
  • U.S. Border Patrol station on site since 2013, along with the U.S. Post Office
  • East County Lumber & Ranch Supply leased through May 2033 with annual increases
  • Seller financing available
  • Possible uses include heritage hospitality, trail town lodging, events, film production and more

OVERVIEW

The Village of Campo is the historic center of a San Diego County town, offered as a single purchase. The property includes the village's residential and commercial buildings on approximately 15.75 acres across three parcels at 431 Jeb Stuart Road in Campo, about one hour east of downtown San Diego on Highway 94. It is a working town with income in place, offered at $5,995,000 with seller financing available. The residential side is 28 units, from a studio to single family homes, housing residents who live and work in the backcountry. The commercial core is anchored by the U.S. Border Patrol station, in place since 2013, the U.S. Post Office, and East County Lumber & Ranch Supply, which holds a lease through May 2033 with scheduled annual increases and a renewal option. A cabinet shop, a church and the local VFW hall round out the tenant mix. Together the property produces approximately $480,000 in annual scheduled rent, with lease-up opportunity in vacant commercial space and renovation upside in select residential units. Campo's story begins with the Gaskill brothers, whose store held off a bandit raid in 1875 in a gunfight still talked about today. In 1941 the U.S. Army built Camp Lockett here, the last horse cavalry post it ever built, and stationed the 10th and 28th Cavalry, the Buffalo Soldiers, in the valley during World War II. The village's buildings date from that era. The Gaskill Brothers Stone Store, now a museum, stands a short walk away, the Pacific Southwest Railway Museum and Motor Transport Museum are nearby, and the Pacific Crest Trail passes the village on its way to its southern terminus roughly a mile south. The buildings are original 1940s construction, and buyers should plan on a renovation program as part of the repositioning. That is where the opportunity sits. Two parcels are zoned C38 Service Commercial and the third is zoned RV Variable Family Residential, which together allow a broad mix of residential and commercial uses. Possible directions include heritage hospitality, trail town lodging, a retreat or event venue, film production, a maker village, or continued operation as a rental community. The seller will consider creative structures.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$63 USD /SF

# OF UNITS

36

PRICE/UNIT

$166,528

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

12

LAND DETAILS

LAND ACRES

15.75 AC

LAND SF

686,070 SF

ZONING

RV, C38

APN/PARCEL ID

656-040-21

ASK ABOUT THIS PROPERTY

Nick HernandezTop Gun CREMore Info
619-602-0263

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Nick HernandezTop Gun CREMore Info
619-602-0263

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