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$1,248,000

Est. payment - /mo

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1,440 SqFt

Active

408 N PICO Fallbrook, CA 92028

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:53 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $866

MLS Listing ID NDP2407144

HOA Y/N No

Year Built 1953

Property Description

Investment Opportunity in Fallbrook! REDUCED AGAIN! Total reduc. of $150K! Corner property with 3 lots being sold together and are zoned Commercial and Residential. Inc. The total of contiguous lots combined is approx 14,810 sq feet (.34 acre). Use of this property could be repositioned to suit new owners needs within county guidelines. The property has been used for a successful car sales business and zoning may indicate additional apartments may be added. One structure is an office building with hard-wired sprinkler system and security cameras, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-standing tenants with a great paying history. Each duplex unit is approx 400 sq ft. One is rented for $1,250 per month and one is rented for $935 per month. PER AGT. RENTS ARE LOW...GOOD LONG TERM TENANTS This asset has high street visibility at the North end of town within walking distance to the heart of Fallbrook Village, theatre, shops, restaurants and bars, and may be suitable to a cash buyer, cash to new loan or a 1031 exchange property. Expenses are not shown in MLS, but will be shown to serious buyers only. All above remark info is per seller- buyer to verify.

Location

State CA

County San Diego

Area 92028 - Fallbrook

Zoning PER SELLER COMMERCIAL AND

Interior

Fireplace No

Exterior

Utilities Available Cable Connected, Electricity Connected, See Remarks

Building

Lot Description Corner Lot

Story 2

Others

Tax ID 1031310200

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Lynn Stadille • RE/MAX Connections • 760-535-2330

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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