Listing provided courtesy of Farid Khayamian of Bluxen, Inc. Last updated 2023-03-14 09:21:41.000000. Listing information © 2022 Sandicor.
Asking Price: $5,500,000
702 R Ave, National City CA 91950
Community: South Bay
This Com-Res Income property was built in and is priced at $5,500,000. Please see the additional details below.
Please see attached appraisal report!!! 12 one story townhome style units with a permit in process to build 8 more units makes this investment property so unique in this market! Excellent opportunity to plant a flag in this fast growing town with ample demand for housing solutions. The garden-style community sits on 35,283 square feet of land and is composed of one L shaped building. Another positive point is when you start the 8 new units, you don't have to ask your exciting tenants to leave to start the construction! Residents are accommodated with ample parking, and the community is highly walkable via an adjacent retail facility featuring a Supermarket, a coffee shop, multiple salons, Within a five-minute drive, families and professionals will enjoy the unmatched proximity to other amenity hubs with multiple parks, shopping centers, and Downtown Abilene. 702 R Ave offers the perfect opportunity with high cap rate to capitalize on this burgeoning market.
