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7294-98 University Ave
La Mesa, CA 91942
Ground Lease Opportunity · Land For Lease
HIGHLIGHTS
- 2023 Population (5 miles): 512,000 people with $100,208 Avg HH Income
- Across from Starbucks and Helix Charter High School
- Corner Lot (0.27 acres) with two (2) ingress/egress
- Nearly 20k Cars per Day
- Near new Better Buzz Coffee
PROPERTY OVERVIEW
Are you ready to take your business to the next level? Pacific Coast Commercial is pleased to exclusively present this unique opportunity to secure a long-term ground lease for a prime commercial property in the heart of La Mesa at 7294-98 University Avenue. What is a Ground Lease? A ground lease allows you to lease the land for an extended period, typically 10 or more years. This provides the security and flexibility to build or renovate a property tailored to your specific needs. Why a Ground Lease is Ideal for Your Business: 1. Long-Term Security: A ground lease offers long-term stability, allowing you to plan for the future without the worry of lease expirations and significant Retail lease rate increases over time. 2. Significant Tax Benefits: Ground leases can offer substantial tax advantages, including deductions for lease payments and property improvements. 3. Reduced Operating Costs: A ground lease can provide opportunities to reduce operating costs, such as through energy-efficient upgrades or solar panel installations. 4. Flexibility and Customization: Design and build a space that perfectly aligns with your business's vision and requirements. Property Highlights: -Strategic Location: Situated at the busy intersection of University Ave and Yale Ave, with high visibility and excellent foot traffic. -Generous Lot Size: 11,835 SF lot, providing ample space for development, parking, and convenient ingress/egress from both Yale Ave and University Ave. -Diverse Zoning: Zoning: City of La Mesa Zone C - Commercial Chapter 24.08 - Floodway Overlay (Zone F) Chapter 24.11 - Urban Design Overlay (Zone D) Chapter 24.18 - MIXED USE OVERLAY (Zone MU) -Strong Demographics: 2023 Population of ±507,000 people within 5 miles, and Average Household Income of $100,208 Don't Miss This Opportunity to Secure Your Business's Future. Highest and Best Use: Pedestrian-oriented General Retail, Community Center, Museum, Automotive, EV Charging, Restaurant, Solar / Utilities, or Laundromat. Contact us today to learn more about this exciting ground lease opportunity and to explore how it will elevate your business to new heights!
PROPERTY FACTS
