Carlsbad, CA 92008
- $2,050,000
- List Price
- $2,050,000
- Price Change
- ▼ $245,000 1686625992
- Status
- PENDING
- MLS#
- NDP2301479
- Year Built
- 1957
- Lot Location
- Level
- Days on Market
- 990
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
List price is $50,000 below appraised value. Destination Location - City of Carlsbad’s Historical Village and Barrio. Situated three lots away from Carlsbad Village Drive and two blocks from I-5 freeway. High visibility from the street with strong historical tenancy. Current tenant Pollos Maria restaurant has occupied the location for 37 years and has a month to month lease (triple net). The below market rent is an opportunity for growth. The well maintained property and thriving commercial district offers several investment strategy options. The highest and best use is commercial or apartments. Zoning is commercial and lot size is 7143 sqft (.16 acres). Blocks from the beach and a destination spot by locals and tourists. Excellent Parking - Property includes seven parking spaces with access available from the rear, plenty of street parking and large adjacent city parking lot. Affluent Household Incomes - Average Household Income exceeds $160,000 in a 5-mile radius. For more information about the Village and Barrio visit the City of Carlsbad website.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 1
- Gross Scheduled Income
- $60,000
- Operating Expense
- 2000
Listing courtesy of Listing Agent: Joda Mize (joda@jodamize.com) from Listing Office: Coastal Premier Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.