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New
495 W Main ST El Centro, CA 92243
6,695 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25620407
HOA Y/N No
Year Built 1990
Lot Size 6,695 Sqft
Property Description
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%. 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.
Location
State CA
County Imperial
Area Elcn - El Centro
Interior
Fireplace No
Others
Tax ID 053114018000
Special Listing Condition Standard
Listed by Max Lee Real Broker