8306 Highway 79 - Restaurant FOR SALE


Descanso, CA 91916
$2,225,000 USD
760-563-5544
8306 Highway 79, Descanso, CA for Sale
$2,225,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

8306 Highway 79
Descanso, CA 91916


OVERVIEW

Strategically positioned along a high-traffic corridor serving Julian, Lake Cuyamaca, and Mount Laguna, the property benefits from consistent year-round visibility and limited direct competition in the immediate trade area. The on-site restaurant draws a loyal, repeat clientele further supported by steady destination traffic passing through the region. The property currently generates $59,000 in annual rent from three tenants. The restaurant — the fourth occupant — operates rent-free under current ownership, but carries an estimated market rent of $42,000 per year, placing potential Gross Scheduled Income at $101,000 annually. Since 2022, ownership has invested $152,000 in targeted capital improvements across the event center, tenant spaces, on-site residence, and parking (65 spots with plans to expand to 88; ADA in process). The property is almost entirely zoned C36, with a minor boundary adjustment pending that will result in uniform C36 zoning across the entire site. No existing structures or tenants are affected. A C Q U I S I T I O N N O T E Acquisition of this multi-unit commercial property requires the simultaneous purchase of the on-site restaurant, as both assets are held under common ownership. Contact broker for details on the restaurant business listing.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$777 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C-36

APN/PARCEL ID

409-021-03,409-021-04

ASK ABOUT THIS PROPERTY

Bryan GonzalesSandbar Realty GroupMore Info
760-563-5544

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Bryan GonzalesSandbar Realty GroupMore Info
760-563-5544

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