116-122 National City Blvd

116-122 National City Blvd National City, CA 91950

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FOR SALE Incentives
Property Type:
Street Retail
Last Verified:
Jul 24, 2017

Highlights

  • Investment property or Owner-user property
  • Development Opportunity
  • 5,643 SF Lot
  • Stable tenants with value add opportunity
  • Next to I-5 Freeway exit
  • Located next to very busy streets – National City Blvd and Osborn St.
  • Very dense neighborhood

Description

Rosano Partners is pleased to present an investment or development opportunity for a commercial property next to the corner of National City Blvd right off of the I-5 freeway exit in National City, California. The subject property is within the National City Downtown Redevelopment Plan, zoned #1A with permitted uses to include: Mid-high rise multi-family residential, commercial, residential and visitor service commercial (hotel, motel, restaurants), entertainment uses (theaters, clubs), light industrial manufacturing, auto-oriented retail, professional offices and public parking. The subject property currently consists of a 3,000 SF retail storefront building split into two retail stores operating as an exercise studio and store. The total lot size is 5,643 SF. It is conveniently located next to the corner of a busy intersection of National City Boulevard and Osborn Street.

The property is located on National City Blvd next to the corner of National City Blvd and Osborn St. Just off of Interstate 5, this property is located on a busy street in the growing neighborhood of National City. The property sits in between a busy liquor store at the corner of National City Blvd and an auto upholstery shop. The property is located on a major street in National City with a high traffic count. There is street parking available in front of the property and can easily be accessed by foot.

Building Size: 3000.0sq ft
Lot Size: 0.13 acres

Map of 116-122 National City Blvd, National City, CA, 91950

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.