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Address Not Available By Request

Encinitas, CA 92024
  • $5,450,000
  • STATUS: Active
  • ON SITE: 432 Days
  • ID#: NDP2305966
UPDATED: 81 min ago
$5,450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1998
County:

School Ratings & Info

Listing Agent(s): Jeff Kane of Coldwell Banker West (619-737-2126)


Description

Located in the heart of Encinitas, California, a rare business opportunity awaits on busy Encinitas Blvd. For the first time in more than 25 years, an exceptional property is now available for sale, offering endless possibilities to savvy investors and entrepreneurs alike. Boasting a generous 7577 square feet of space on a prime 23,766 square foot parcel, this property presents an unparalleled opportunity to secure a solid foundation for any business. Currently operating as a flourishing child care and educational facility with thoughtfully designed outdoor play areas, the building stands testament to its success and excellent upkeep. The property's pristine condition eliminates the needs for extensive renovations or refurbishments. Its presence in an affluent area of North San Diego County only adds to its allure. What truly sets this site apart, however, is its strategic location with exceptional drive-by traffic, witnessing a daily count of more than 22,000 cars. This enviable exposure not only guarantees a steady stream of potential customers but also opens doors to a myriad of creative business opportunities. Current lease expires in approximately 2.5 years with a 5 year option on this NNN lease . Sale price is at a 4.5 CAP rate. Whether it be a boutique retail outlet, a high-end restaurant, or a wellness center, the property provides a blank canvas for an investor/user to create something truly unique.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-07T08:25:32.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Judy Barsamian Armstrong | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.judyb-armstrong.homes/homes/142021510
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Address Not Available By Request Encinitas, CA 92024

  • Price: $5,450,000
  • Status: Active
  • On Site: 432 Days
  • Updated: 81 min ago
  • ID#: NDP2305966
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1998
Built
Neighborhood:
92024 - Encinitas
County:
San Diego
Area:
92024 - Encinitas
Property Description
Located in the heart of Encinitas, California, a rare business opportunity awaits on busy Encinitas Blvd. For the first time in more than 25 years, an exceptional property is now available for sale, offering endless possibilities to savvy investors and entrepreneurs alike. Boasting a generous 7577 square feet of space on a prime 23,766 square foot parcel, this property presents an unparalleled opportunity to secure a solid foundation for any business. Currently operating as a flourishing child care and educational facility with thoughtfully designed outdoor play areas, the building stands testament to its success and excellent upkeep. The property's pristine condition eliminates the needs for extensive renovations or refurbishments. Its presence in an affluent area of North San Diego County only adds to its allure. What truly sets this site apart, however, is its strategic location with exceptional drive-by traffic, witnessing a daily count of more than 22,000 cars. This enviable exposure not only guarantees a steady stream of potential customers but also opens doors to a myriad of creative business opportunities. Current lease expires in approximately 2.5 years with a 5 year option on this NNN lease . Sale price is at a 4.5 CAP rate. Whether it be a boutique retail outlet, a high-end restaurant, or a wellness center, the property provides a blank canvas for an investor/user to create something truly unique.
Exterior Features

Entry Level 1 Lot Features Level Parking Total 0

Interior Features

Cooling YN No Heating YN No

Property Features

Association Fee 0 Cap Rate 4.49 Gross Scheduled Income 279153 Insurance Expense 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 247458 Number Of Units Leased 2 Operating Expense 0 Property Sub Type Office Special Listing Conditions Standard Trash Expense 0 Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-07T08:25:32.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Judy Barsamian Armstrong | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Judy Barsamian Armstrong | Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): Jeff Kane of Coldwell Banker West (619-737-2126)