Commercial Real Estate Escondido: High-Return Investment Property
- Property type: Commercial Sale
- Offer type: Active
- City: Escondido
- Zip Code: 92026
- Neighborhood: Downtown
- Street: 240-252 East Grand Ave
- Property size: 5330 ft²
- Year: 1952
- Lot size: 7115 ft²
Details
PRIME VALUE-ADD RETAIL CENTER IN DOWNTOWN ESCONDIDO REVITALIZATION ZONE
Discover an exceptional investment opportunity in commercial real estate Escondido at The Patio Shops, a fully occupied 5,330 SF retail center strategically located in Downtown Escondido’s $15M Grand Avenue Vision Project Zone. This thriving property delivers immediate cash flow while presenting a clear path to increased income and value, with current rents averaging $1.57/SF/month—36.4% below the market average of $2.47/SF/month.
Positioned at the heart of the Grand Avenue revitalization, this asset stands to benefit directly from extensive streetscape improvements, widened sidewalks, expanded outdoor dining areas, and enhanced pedestrian zones, all driving foot traffic and boosting retail demand. The Patio Shops is surrounded by transformational projects, including the 625 E. Grand Ave Luxury Condos, which are drawing higher-income residents to the area and further fueling demand for premium retail spaces.
Why Invest in Commercial Real Estate in Escondido’s Downtown Hub?
The property’s 12 established tenants, spanning boutique retail and service sectors, provide stable in-place cash flow while offering substantial upside potential through strategic rent realignment and tenant optimization. Comparable properties within the revitalization zone are achieving rents as high as $2.65/SF/month, highlighting the opportunity to capture market growth and elevate NOI.
This is more than just a property—it’s a chance to own a pivotal piece of Escondido’s transformation, with a unique combination of below-market rents, high-demand location, and strong market fundamentals. Don’t miss this rare value-add opportunity to secure both immediate returns and long-term appreciation. Contact us today to schedule a private tour! Call or Text Richard and Diane Eisendrath at 760-815-8009. Email jon@eisendrathteam.com to schedule a Tour!
NOTE: All information is deemed reliable but not guaranteed by Sellers or their Agents. The Buyers, their Agent’s should independently verify all information provided herein. The broker and seller assume no responsibility for errors or omissions.
Download “Offering Memorandum” for More Info!
- ID: 13065
- Published: January 9, 2025
- Last Update: January 9, 2025
- Views: 96