Description

List price is $50,000 below appraised value. Destination Location - City of Carlsbad’s Historical Village and Barrio. Situated three lots away from Carlsbad Village Drive and two blocks from I-5 freeway. High visibility from the street with strong historical tenancy. Current tenant Pollos Maria restaurant has occupied the location for 37 years and has a month to month lease (triple net). The below market rent is an opportunity for growth. The well maintained property and thriving commercial district offers several investment strategy options. The highest and best use is commercial or apartments. Zoning is commercial and lot size is 7143 sqft (.16 acres). Blocks from the beach and a destination spot by locals and tourists. Excellent Parking - Property includes seven parking spaces with access available from the rear, plenty of street parking and large adjacent city parking lot. Affluent Household Incomes - Average Household Income exceeds $160,000 in a 5-mile radius. For more information about the Village and Barrio visit the City of Carlsbad website.