7918 Broadway - Storefront FOR SALE


Lemon Grove, CA 91945
$799,000 USD
619-616-7332
7918 Broadway, Lemon Grove, CA for Sale
$799,000 USD
Storefront - FOR SALE
1/17
null | 6.09% Cap Rate

7918 Broadway
Lemon Grove, CA 91945


HIGHLIGHTS

  • 100% Leased Retail Investment
  • High Foot Traffic Area
  • Ample On-Site Parking
  • BRAND NEW ROOF AND HVAC

OVERVIEW

Rare opportunity to acquire a fully renovated, multi-tenant retail property in the heart of downtown Lemon Grove. The subject property consists of two ±750 SF suites (±1,500 SF total) on a ±3,265 SF lot, each with in-suite restrooms and separate entrances. The building was originally constructed in 1954 and substantially renovated in 2022. The property is 100% leased to established local tenants on leases running through 2027, providing immediate and stable cash flow. Current rents are $2,450 per month per suite, generating approximately $58,800 in annual gross income. Tenants pay all utilities, keeping expenses low for ownership. Located along Broadway, one of Lemon Grove’s primary commercial corridors, the property benefits from excellent street visibility and strong daily traffic exposure. A 96-space public parking lot is located directly behind the building with rear access for customers and tenants. The asset is positioned just two doors down from the newly completed Kelvin mixed-use development, featuring 66 luxury apartment units. This nearby project adds a built-in, higher-income customer base to the surrounding retail environment.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

6.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,265 SF

ZONING

C

APN/PARCEL ID

480-111-14

ASK ABOUT THIS PROPERTY

Erik EgelkoPalm Tree PropertiesMore Info
619-616-7332

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Erik EgelkoPalm Tree PropertiesMore Info
619-616-7332

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