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408 N Pico ave Fallbrook, CA 92028
10,654 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26104909
HOA Y/N No
Year Built 1953
Lot Size 10,654 Sqft
Property Sub-Type Mixed Use
Property Description
HIGH-VISIBILITY CORNER — RESIDENTIAL DUPLEX + COMMERICIAL OFFICE with MAJOR RE-DEVELOPMENT POTENTIAL.
Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site's serious redevelopment upside.
This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use designation allowing both commercial and residential development. The property sits at a signalized hard corner, commanding maximum visibility and frontage.
Currently, the property consists of a residential duplex and a commercial office building, all with clean interiors & dependable tenants offering great stability. The major upside is in the right development strategy. This already income-producing property then becomes an income-producing POWERHOUSE.
The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.
Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site's serious redevelopment upside.
This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use designation allowing both commercial and residential development. The property sits at a signalized hard corner, commanding maximum visibility and frontage.
Currently, the property consists of a residential duplex and a commercial office building, all with clean interiors & dependable tenants offering great stability. The major upside is in the right development strategy. This already income-producing property then becomes an income-producing POWERHOUSE.
The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.
Location
State CA
County San Diego
Area 92028 - Fallbrook
Interior
Fireplace No
Laundry Outside
Building
Lot Description Corner Lot, Value In Land
Story 1
Water Public
Others
Tax ID 1031310200
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Special Listing Condition Standard
Listed by Deanne Estrada West Capital Real Estate 323-697-6379, DRE #02143621