8306 Highway 79 Highway, Descanso, CA 91916
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
Legal Notice
Our comprehensive database is populated by our meticulous research and analysis of public data. MirrorRealEstate strives for accuracy and we make every effort to verify the information. However, MirrorRealEstate is not liable for the use or misuse of the site's information. The information displayed on MirrorRealEstate.com is for reference only.