Prime Retail Building For Sale in Lemon Grove – Fully Leased!

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Palm Tree Properties is proud to present a rare investment opportunity to acquire a fully renovated, multi-tenant retail property in the thriving heart of downtown Lemon Grove. This exceptional asset, each with in-suite restrooms and separate entrances. Originally constructed in 1954, the building underwent a substantial renovation in 2022, offering modern infrastructure with classic appeal. It represents a perfect blend of stable income, prime location, and strategic value-add potential.

Sale Price: $799,000

Your Turnkey Investment with Immediate & Stable Cash Flow

This move-in ready investment property offers an exceptional opportunity to own a high-demand retail asset with significant upside. The property is 100% leased to established local tenants on leases running through 2027, providing immediate and stable cash flow with minimal landlord responsibilities. Current rents are $2,450 per month per suite, generating approximately $58,800 in annual gross income, with tenants paying all utilities to keep expenses low.

 

The true highlight is the property’s positioning—just two doors down from the newly completed Kelvin mixed-use development (66 luxury apartment units), which adds a built-in, higher-income customer base to the surrounding retail environment.

Why This Prime Lemon Grove Location?

Nestled along Broadway, one of Lemon Grove’s primary commercial corridors, this property benefits from excellent street visibility and strong daily traffic exposure. A 96-space public parking lot is located directly behind the building with convenient rear access for customers and tenants, a major advantage for retail viability. You enjoy immediate access to a vibrant, pedestrian-friendly downtown scene with diverse amenities, while the ongoing area revitalization, led by projects like The Kelvin, ensures continued appreciation and demand. It’s the ideal asset for investors seeking a central, high-traffic location with a proven tenant base and a compelling growth story.

Palm Tree Properties – Strategic Guidance. Proven Results.

At Palm Tree Properties, we specialize in helping investors identify high-quality assets that align with their long-term financial goals. From acquisition to performance analysis, we are committed to delivering clarity, confidence, and results at every stage of the investment process.

For More Information:
Erik Egelko
(619) 616-7332 | erik@palmtreeproperties.com
DRE: 01984056 | BROKER DRE: 02194966

Start building your portfolio with this cornerstone retail investment you’ve been targeting.

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