$600,000
$648,747
7.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/23/2017
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW17182383
Sold Date 10/23/17
HOA Y/N No
Year Built 1951
Property Description
Excellent Investment opportunity in best area of Downtown Fallbrook. High daily traffic count and maximum site exposure from this corner lot. Currently occupied by a restaurant leasing 2 recently renovated suites totaling 2500 sf. 2300 SF is currently available for lease. Property also includes a large sign that could not be duplicated today as it is a grandfathered approval. Property may be purchased with adjoining single family residence which will allow greater possibilities for future expansion. The Merlot Building will offer any investor an opportunity for a high rate of return while owning a key historic location that included a previous railroad stop.
Location
State CA
County San Diego
Area 92028 - Fallbrook
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Other
Building
Lot Description Corner Lot
Story 2
Water Public
Others
Tax ID 1032241300
Acceptable Financing Cash
Listing Terms Cash
Financing Seller Financing
Special Listing Condition Standard
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Bought with Roy Moosa • Sun Realty
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REALTORS® | Lic# 01155199 | 02051274