Listed by Farid Khayamian with Bluxen, Inc

702 R Ave

National City, CA, 91950

$5,500,000

$5,500,000
Active
Active
 - For Sale
property_type
Commercial
Please see attached appraisal report!!! 12 one story townhome style units with a permit in process to build 8 more units makes this investment property so unique in this market! Excellent opportunity to plant a flag in this fast growing town with ample demand for housing solutions. The garden-style community sits on 35,283 square feet of land and is composed of one L shaped building. Another positive point is when you start the 8 new units, you don't have to ask your exciting tenants to leave to start the construction! Residents are accommodated with ample parking, and the community is highly walkable via an adjacent retail facility featuring a Supermarket, a coffee shop, multiple salons, Within a five-minute drive, families and professionals will enjoy the unmatched proximity to other amenity hubs with multiple parks, shopping centers, and Downtown Abilene. 702 R Ave offers the perfect opportunity with high cap rate to capitalize on this burgeoning market.
MLS® ID:
230004273SD
Listed:
3/5/23
Updated:
4/1/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Heating
See Remarks

Exterior/Building Features

Lot Size
0.81 acres lot
Roof
Composition

Other Property Details

Area Name
91950 - National City
Garage
No
Parking
N
View
N
County
San Diego
Pool
No
Zoning
R-4:MULTIP
Buyer Agency Compensation
2.500

Listing Contact:  

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Data last updated on 4/1/23 at 9:01 PM UTC

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