For Sale
$2,299,000

1900 Sunset DrEscondido, CA 92025

Prime Escondido location, 7,200 rentable sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, located at 1900 Sunset Dr, Escondido, CA 92025, presents a compelling investment opportunity. The 7,326 square foot building, constructed in 1979, sits on a sizable 0.67-acre lot (26,419 sq ft) encompassing two parcels (APN 236-313-0100 & 236-313-0200). Currently operating at 100% occupancy with eight tenants under a gross lease, the property generates a strong net operating income (NOI) of $81,882, yielding a 3.56% cap rate. The building features seven units and is zoned for commercial use, offering significant redevelopment potential. Its prominent corner location at S. Escondido Blvd and Sunset Drive ensures maximum visibility. The property's layout includes 11 retail/office spaces within one parcel and a paved parking lot on the adjacent parcel. The South Centre City Specific Planning Area (SPA 15) designation for one parcel and the General Commercial Zone for the other offer diverse redevelopment options. The current leases expire November 18, 2024. This property is ideal for owner-users or investors seeking a strong cash flow and future upside. The asking price is $2,299,000.

Highlights

  • Exceptional mixed-use property at 1900 Sunset Dr, Escondido, CA 92025.
  • 7,326 sq ft building on a 0.67-acre lot (26,419 sq ft), two parcels (APN 236-313-0100 & 236-313-0200).
  • 100% occupancy with eight tenants, generating $81,882 NOI and a 3.56% cap rate.
  • Seven units, zoned commercial, offering redevelopment potential.
  • Prominent corner location at S. Escondido Blvd and Sunset Drive.
  • 11 retail/office spaces and paved parking lot.

Property Details for 1900 Sunset Dr

Property type
Office properties, Mixed-use properties
Square Feet
7,326 SF
Year Built
1979
Buildings
1
Stories
1
Units
7

Location Insight

City
Escondido
County
San Diego
State
California
Latitude
33.101496
Longitude
-117.0704008
1900 Sunset Dr, Escondido, California

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1900 Sunset Dr
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