408 N Pico aveFallbrook, CA 92028

Description

REDUCED! HIGH-VISIBILITY CORNER!!! RESIDENTIAL DUPLEX + COMMERICIAL OFFICE with MAJOR RE-DEVELOPMENT POTENTIAL. Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site’s serious redevelopment upside. This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use designation allowing both commercial and residential development. The property sits at a signalized hard corner, commanding maximum visibility and frontage. Currently, the property consists of a residential duplex and a commercial office building, all with clean interiors & dependable tenants offering great stability. The major upside is in the right development strategy. This already income-producing property then becomes an income-producing POWERHOUSE. The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.

Property Information

Property type

Residential

Sub-type

Mixed Use

Structure type

Mixed Use

Year built

1953

Stories

1

Living area

1,440 Sq Ft

Lot size

0.24 acres

Days on market

133

MLS^® Listing#

OC26105529

Property Features

Cooling

Wall/Window Unit(s)

Fireplace

None

Pool

None

Parking

Asphalt · Driveway

Laundry

Outside

Lot features

Corner Lot

Community

Suburban

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

1031310200

Directions

CORNER OF PICO AVE AND EAST MISSION RD