CA > Escondido > North Escondido
Escondido, CA 92027,1935 E El Norte
Escondido, CA 92027,1935 E El Norte
Escondido, CA 92027,1935 E El Norte
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,550,000
Est. payment /mo
2.3 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision North Escondido

MLS Listing ID IV25235623

HOA Y/N No

Year Built 1940

Lot Size 2.300 Acres

Property Sub-Type Single Family Residence

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

Area 92027 - Escondido

Interior

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2250703100

Energy Description 1000.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by LEE SPENCE DAUM COMMERCIAL RE SERVICES 909-969-8800

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