1935 E El Norte, Escondido, CA 92027 - MLS#IV25235623

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,550,000

Est. payment - /mo

3 Beds

2.3 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision North Escondido

MLS Listing ID IV25235623

Bedrooms 3

Lot Size 2.300 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California. Together, the parcels total approximately 2.3 acres and include: Three single-family homes A 6,335 sq. ft. market/liquor store A 0.36-acre parcel of vacant land The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change. The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow. This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area. Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation

Location

State CA

County San Diego

Zoning Estimated

Direction Southwest corner of El Norte x N. Midway Dr.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 2250703100

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Listed by LEE SPENCE DAUM COMMERCIAL RE SERVICES

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1935 E El Norte Escondido, CA 92027

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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