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 long-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 $1,028.50 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.

Address Map
CA
San Diego
Fallbrook
92028
408 N PICO
0
E0° 0' 0''
N0° 0' 0''
CORNER OF PICO AND EAST MISSION
MLS Addon
RE/MAX Connections
Lynn Stadille
lstadille@aol.com
CR123521309
CR123433703
CR123178745

Commercial Sale For Sale

408 N PICO, Fallbrook, California 92028

1,440 Sqft
$1,200,000
Listing ID #CRNDP2407144
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRNDP2407144
Price : $1,200,000
Square Footage : 1,440 Sqft
Year Built : 1953
Status : Active
Property SubType : Mixed Use
Agent info
Michael Roberts
Contact Agent