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Mixed use Escondido 5 Properties Offered at $4,859,205 CAD in Escondido, CA
Investment Highlights
- low competition due to rare zone
Executive Summary
This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California.
Together, the parcels total approximately 2.3 acres and include:
• Three single-family homes
• A 6,335 sq. ft. market/liquor store
• A 0.36-acre parcel of vacant land
The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change.
The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow.
This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area.
Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation.
Together, the parcels total approximately 2.3 acres and include:
• Three single-family homes
• A 6,335 sq. ft. market/liquor store
• A 0.36-acre parcel of vacant land
The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change.
The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow.
This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area.
Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation.
Property Facts
| Price | $4,859,205 CAD | Number of Properties | 5 |
| Price / SF | $472.92 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 3.70% | Total Building Size | 10,275 SF |
| Sale Type | Investment | Total Land Area | 2.33 AC |
| Status | Under Contract |
| Price | $4,859,205 CAD |
| Price / SF | $472.92 CAD / SF |
| Cap Rate | 3.70% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 10,275 SF |
| Total Land Area | 2.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Land parcel
1949 El Norte Parkway, Escondido, CA 92027 |
Land | 0.36 AC | - | - |
| 1237 N Midway Dr, Escondido, CA 92027 | Multifamily | 1,200 SF | 1950 | - |
| 1935 E El Norte Pky, Escondido, CA 92027 | Multifamily | 1,200 SF | 1950 | - |
| 1227 N Midway Dr, Escondido, CA 92027 | Multifamily | 940 SF | 1950 | - |
| 1945 E El Norte Pky, Escondido, CA 92027 | Retail | 6,935 SF | 1961 | - |
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Mixed use Escondido
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