495 W Main Street, El Centro, CA 92243
List Price: $950K
Listing Status: Active
0Days on Market: 160
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1990
Lot Size: 6,695 sq ft
MLS Number: 25620407
About This Property
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.
Listing provided by: Max Lee DRE #01905008 619-663-8680 Hellomaxlee@gmail.com, Real Broker
Source: CRMLS, MLS #: 25620407
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.