507 S Main Avenue

    Fallbrook, CA 92028
    • $1,800,000
    • STATUS: Active
    • ON SITE: 182 days
    • ID#: SW19116841
    UPDATED: 39 min ago
    $1,800,000
    • 0
      BEDS
    • 1.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,560
      SQFT
    • $395
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Heritage Square is a charming Main Avenue shopping plaza in the heart of historic downtown Fallbrook. Listing includes 5 separate parcel numbers & 13 rental units encompassing an entire city block with no current vacancies. This multi-purpose complex has a variety of businesses including a landmark restaurant, hair salon, barbershop, dog groomers, yoga studio, car lot, storage yard & offices. The focal point is the courtyard deck & staircase to the lower shops which was recently rebuilt. The courtyard attracts local artists to showcase their craft. This quaint town attracts locals & tourists for weekend festivals, wineries, golf courses, vineyards & groves, farmers+GG markets, the Avocado Festival and evening community events. The year round temperate climate with lower humidity and 35 minute drive to the Pacific Ocean create a welcome environment for retail & restaurant opportunities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T21:30:45.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/95090581

    507 S Main Avenue Fallbrook, CA 92028

    • Price: $1,800,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: SW19116841
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.15
    Acres
    4,560
    SQFT
    $395
    $/SQFT
    Neighborhood:
    283 - North San Diego County
    County:
    San Diego
    Area:
    283 - North San Diego County
    Property Description
    Heritage Square is a charming Main Avenue shopping plaza in the heart of historic downtown Fallbrook. Listing includes 5 separate parcel numbers & 13 rental units encompassing an entire city block with no current vacancies. This multi-purpose complex has a variety of businesses including a landmark restaurant, hair salon, barbershop, dog groomers, yoga studio, car lot, storage yard & offices. The focal point is the courtyard deck & staircase to the lower shops which was recently rebuilt. The courtyard attracts local artists to showcase their craft. This quaint town attracts locals & tourists for weekend festivals, wineries, golf courses, vineyards & groves, farmers+GG markets, the Avocado Festival and evening community events. The year round temperate climate with lower humidity and 35 minute drive to the Pacific Ocean create a welcome environment for retail & restaurant opportunities.
    Exterior Features

    Construction Materials Wood Siding Lot Features Level With Street Lot Size Source Assessor Lot Size Units Acres Roof Shingle

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 104-062-04-00104-062-05-00104-062-07-00104-062-08-00 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Cap Rate 5.60 Country Us Gross Scheduled Income 121776.00 Investment Property YN Yes Land Use OfficeRetail Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 103619.00 Number Of Units Leased 13 Operating Expense 18156.00 Other Income1 0.00 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Rate 1.12 Tax Year 2019 Vacancy Allowance Rate 5.00 Water Source Public Zoning Commercial

    Listing provided courtesy of Kim Drusch of Pacific Sotheby's Int'l Realty and Mark Marquez of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T21:30:45.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
     
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