Property Detail
Description
Rare opportunity to acquire a fully renovated, multi-tenant retail property in the heart of downtown Lemon Grove. The subject property consists of two ±750 SF suites (±1,500 SF total) on a ±3,265 SF lot, each with in-suite restrooms and separate entrances. The building was originally constructed in 1954 and substantially renovated in 2022. The property is 100% leased to established local tenants on leases running through 2027, providing immediate and stable cash flow. Current rents are $2,450 per month per suite, generating approximately $58,800 in annual gross income. Tenants pay all utilities, keeping expenses low for ownership. Located along Broadway, one of Lemon Grove’s primary commercial corridors, the property benefits from excellent street visibility and strong daily traffic exposure. A 96-space public parking lot is located directly behind the building with rear access for customers and tenants. The asset is positioned just two doors down from the newly completed Kelvin mixed-use development, featuring 66 luxury apartment units. This nearby project adds a built-in, higher-income customer base to the surrounding retail environment.
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Listing provided courtesy of Max Reynolds of Reynolds Property Management. Last updated 2026-01-22 09:42:41.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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