7328-7344 Broadway - Storefront FOR SALE


Lemon Grove, CA 91945
$1,850,000 USD
858-458-3348
7328-7344 Broadway, Lemon Grove, CA for Sale
$1,850,000 USD
Storefront - FOR SALE
1/8
null | 7.3% Cap Rate

7328-7344 Broadway
Lemon Grove, CA 91945


OVERVIEW

This offering features a fully leased retail strip center along Lemon Grove’s primary commercial corridor, providing a rare investment opportunity in Southern California. The property comprises ±4,840 square feet of inline retail space with a strong tenant mix, including established local businesses such as a smoke shop, phone repair, bar, audio shop, and barber. Long-term stability is evident, with tenants recently exercising renewal options and average tenancy dating back over a decade. Positioned on Broadway, a highly trafficked arterial with approximately 24,413 vehicles per day, the asset benefits from maximum visibility and easy ingress/egress. It is conveniently located just 0.3 miles from the SR-94 freeway, ensuring connectivity to downtown San Diego and key surrounding neighborhoods. Zoned G-C, the site supports a variety of retail and medical uses, enhancing its future adaptability. With consistent cash flow, a 7.3% cap rate, and limited vacancies since 2007, this property is a dependable addition to any portfolio.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$382 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C

APN/PARCEL ID

479-051-14,479-051-15

ASK ABOUT THIS PROPERTY

Max StoneVoit Real Estate ServicesMore Info
858-458-3348

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Max StoneVoit Real Estate ServicesMore Info
858-458-3348

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