8306 Highway 79 Highway, Descanso, CA 91916

USD 2,250,000
For Sale MLS: NDP2603156

Property Details

Description

Acquisition of this multi-unit commercial property requires the simultaneous purchase of the on-site restaurant, as both assets are held under common ownership. The property currently generates $59,000 in annual rent from three tenants. The restaurant - the fourth occupant - operates rent-free under current ownership, but carries an estimated market rent of $42,000 per year, placing potential Gross Scheduled Income at $101,000 annually. Since 2022, the owners have invested $152,000 in targeted capital improvements: $82,000 into the restaurant's outdoor party area, $24,000 upgrading tenant spaces, $18,000 renovating the on-site residence, and $28,000 enhancing parking (65 spots with plans to expand to 88, ADA in process). The property is predominantly zoned C36, with a minor boundary adjustment currently pending. The adjustment will exchange a small residential strip with the adjacent property for a comparable commercial parcel, resulting in uniform C36 zoning across the entire site. No existing structures or tenants are affected by the change. Strategically positioned along a high-traffic corridor serving popular destinations including Julian, Lake Cuyamaca, and Mount Laguna, the property benefits from consistent year-round visibility and limited direct competition in the immediate trade area. The restaurant draws a loyal, repeat clientele further supported by steady destination traffic passing through the region.

PROPERTY DETAILS: Square Feet: 6158

INTERIOR FEATURES: • Heating: None

EXTERIOR FEATURES: • Zoning: C36 - see remarks

LISTING AGENT: Agent: Bryan Gonzales | Office: Sandbar Realty Group | Phone: 6197776884 | Email: [email protected]

LISTING INFORMATION: MLS#: NDP2603156 | Status: FOR SALE

Location

Address

8306 Highway 79 Highway

City

Descanso

Features and Finishes

Interior Features:

• Heating: None

Exterior Features:

• Zoning: C36 - see remarks

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