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Listed by Faris Stephan • IQ Realty & Lending
$ 1,250,000
Est. payment | /mo
0.52 Acres Lot
$ 1,250,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 8P-2402384
Year Built 2007
Lot Size 0.520 Acres
Property Description
Established in 2007 with a consistent owner-operator, this upscale liquor store, strategically located, offers a variety of hot food and deli sandwiches. Operating under the same ownership since its inception, the business boasts impressive financials and substantial profitability. It is highly profitable and also serves deli sandwiches and Mexican hot food. It has been managed under the current owner for 17 years. Converting it to a neighborhood market, selling meat and produce, would make use of it best. Currently not accepting EBT or WIC, despite the presence of approximately 600 low-income families within walking distance, there is a considerable opportunity to enhance revenue by incorporating EBT & WIC and transitioning into a neighborhood market. The existing 4,500 sq. ft. space provides ample room for this conversion, and an additional 1,500 sq. ft. next door, currently occupied on a month-to-month basis, could be seamlessly integrated. The seller is open to carrying inventory, but not financing any portion of the purchase price. Real estate is offered for sale as well. Check local MLS for details. Serious buyers are encouraged to proceed, with the requirement to sign a Non-Disclosure Agreement (NDA) and provide proof of financial capability before accessing any detailed information.
Location
State CA
County San Diego
Zoning C-6
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Darren Humphrey
Partner | Lic# DRE 01724424