495 W Main ST new Save Request In-Person Tour Request Virtual Tour
El Centro,CA 92243
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25620407
Year Built 1990
Lot Size 6,695 Sqft
Property Description
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.
Location
State CA
County Imperial
Area Elcn - El Centro
Others
Special Listing Condition Standard