495 W Main St - Office/Residential FOR SALE


El Centro, CA 92243
$950,000 USD
213-434-2433
495 W Main St, El Centro, CA for Sale
$950,000 USD
Office/Residential - FOR SALE
1/27
null | Request Cap Rate

495 W Main St
El Centro, CA 92243


HIGHLIGHTS

  • Rehab / Development Opportunity
  • First floor retail, Second floor office | live/work studio apartment
  • Substantial vacant spaces for more possible income (verify with the city for all details)
  • El Centro apartment occupancy rate is 99.9%
  • Closest Best Western Inn's booking rate is 120% (verify with the city for all details)

OVERVIEW

Excellent Rehab/Development Opportunity Mixed-use potential with first-floor retail(COIN LAUNDRY, CONVENIENT STORE, BARBER SHOP, DONUT SHOP, SMOKE SHOP), 2nd floor currently offices, CAN BE CONVERTED INTO live/work studio apartment(40 to 46 UNITS) option. Offers substantial vacant space for additional income (buyer to verify with city). Located in a high-demand area with a 99.9% apartment occupancy rate in El Centro and nearby hotel booking rates exceeding 120%. AFTER REMODEL/CONVERSION MONTHLY PROJECTED INCOME WILL BE $25,000 TO $30,000 per month for residential Units for the 2nd Floor MAKING THIS PROPERTY VALUE TO BE $4,000,000.00 to $6,000,000 +(after 1st floor renovation) at CAP 6% REMODEL ESTIMATES CAME IN AT $900,000. LOCAL MANAGEMENT AVAILABLE. SECURING GOVERMENT CONTRACT TALKS WITH FEDERAL LEVEL. CONSULTATION IN PERSON, PLEASE TEXT TO MAX LEE 213-434-2433

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IVPC HOUSING CONVERSION FOR FEDERAL EMPLOYEES

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,061 SF

ZONING

Commercial

APN/PARCEL ID

053-114-018-000,053-114-019-000

ASK ABOUT THIS PROPERTY

Max LeeThe Right Realty GroupMore Info
213-434-2433

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Max LeeThe Right Realty GroupMore Info
213-434-2433

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