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For Sale

$1,300,000

7388-96 Broadway
Lemon Grove, CA 91945

Fully leased 5,853 SF free standing single story building with 3-retail-office suites on the corner of Broadway and West Street. The building parcel is across the street from Food 4 Less Grocery/Gas & a 1 block from Home Depot. Site consists of 2 retail spaces fronting Broadway (7388 Ali Market 3,418 SF & 7396 Boost Mobile 1,954 SF) & 1 space fronting 3440 West Street (Amy's beauty Shop 481 SF). Parking consists of 8 spaces with an ADA space off Broadway and 5-spaces off West Street. There is also a fenced back yard that is paved for more storage and parking. The General Commercial (GC) zoning allows for a variety of permitted retail uses such as for medical & dental, auto-oriented, funeral, food/beverage, animal sales, education, light manufacturing, financial, emergency homeless shelter, business & professional, general large-scale businesses and activities offering retail goods and services meant to serve the needs of local and regional shoppers. The property is located in the Lemon Grove sub-market of San Diego. The Project is along Broadway off of the Massachusetts Ave. exit of the I-94 East. This opportunity is excellent for an investor looking to hold as income with future upside potential. Located within the Lemon Grove City Center and less than a block from the Broadway corridor where the majority of the City's commercial services and retail are found. Close proximity to public transit and walking distance to the Lemon Grove Depot, which is served by the Orange trolley line. Direct access to 94 and 125 freeways and less than 15 minutes to Downtown San Diego. Read More

Market Status
Available
Last Updated
May 12, 2021

Property Type
Commercial Property
Heating System
Other
Exterior Construction
Block; Stucco
Property Type
Commercial; Retail

Local Market Conditions

There are currently 16 properties for sale in the Lemon Grove, CA area with the average listing price of $574,115. This represents a decrease of -4.2% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -19.5% decrease. To learn more about the Lemon Grove, CA area, contact a local expert!

Market Snapshot for Lemon Grove, CA

Avg. Listing Price

$574,115

Wk ending May 8

$-25,417

-4.2%

w-o-w

16

2

2

1

1

Average Listing Price for Lemon Grove, CA
No. BedroomsNo. Beds Week Ending
(May 8)
w-o-w Week Ending
(May 1)
Week Ending
(Apr 24)
Week Ending
(Apr 17)
All PropertiesAll $574,115 -4.2% $599,532 $594,214 $587,188
1 bedroom1 BR $265,000 +0.0% $265,000 $265,000 $265,000
2 bedrooms2 BR $412,475 -19.5% $512,475 $512,475 $449,983
3 bedrooms3 BR $588,667 -3.7% $611,273 $607,211 $597,800
4 bedrooms4 BR $739,000 +10.4% $669,197 $669,197 $679,358

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This $1,300,000 Commercial Property at 7388-96 Broadway in Lemon Grove, CA is presented by Jason Kardos and has been on the market for 67 days. This $1,300,000 Commercial Property, located in the 91945 zip code, has the following property features: Exterior Construction, Heating System, Property Type. This 7388-96 Broadway Commercial Property, located in San Diego County , is listed under MLS listing number 210005944 and has a listing price of $1,300,000. You can find more Lemon Grove homes for sale here.

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