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$ 3,200,000
Est. payment | /mo
2,976 SqFt
$ 3,200,000
Est. payment | /mo
2,976 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $1,075
MLS Listing ID 26853969
Year Built 1991
Lot Size 0.786 Acres
Acres 0.46
Property Description
We are pleased to present 1352 N Santa Fe Avenue, Vista, CA a combined business and real estate offering that conveys both the established Fountain Car Wash operation and the underlying 34,232-square-foot (0.79-acre) site, comprising two contiguous parcels (APN 161-251-04-00 and APN 161-251-25-00), in the heart of North County San Diego. The buyer acquires a turnkey, cash-flowing enterprise seven coin- and credit card-operated self-service wash bays plus one with an existing Mark VII car wash rollover (non operation installed in 1993), twelve independent vacuum stalls, dual covered canopies, and an on-site, completely owned 26-panel solar array that transfers with the sale together with fee-simple ownership of the real estate beneath it. An on-site automotive detailing tenant provides a second, stable income stream. The long-term story is the land. Based on current City of Vista planning materials, the site appears to fall within Vista's Mixed-Use / North Santa Fe redevelopment framework, which may allow future residential or mixed-use development at up to approximately 40 dwelling units per acre, with potential density-bonus upside. In other words, an owner can keep operating the car wash and its detailing income today, while controlling a near-one-acre redevelopment assemblage on one of North County's priority growth corridors (see Zoning & Redevelopment Flexibility; buyer to verify zoning, overlay status, density, and entitlements with the City of Vista). The site fronts N Santa Fe Avenue Vista's primary north-south arterial with a traffic count of roughly 22,000 vehicles per day and a dedicated left-hand turn lane allowing the property to benefit from traffic in both directions. It sits inside a fully matured trade area anchored by Target, Walmart, Home Depot, In-N-Out, Starbucks, and Northgate Market, and minutes from SR-78 (0.6 mi) and I-5 (3 mi). At the $3,200,000 list price, the offering is priced at approximately $93 per square foot of land a compelling basis for a near-one-acre, mixed-use redevelopment assemblage in one of Southern California's strongest growth corridors. In place, the property produces approximately $301,600 in gross revenue and $253,184 of net operating income with minimal labor and limited day-to-day management. Future ownership can grow that income through equipment upgrades, in-bay automatic conversions, expanded vacuums and ancillary revenue, and membership programs, or pursue the site's most compelling long-term path: redevelopment into a multifamily, mixed-use, or workforce-housing project under Vista's Mixed-Use framework. This is a true "cash flow plus land bank" investment: immediate, asset-backed yield today, with a clear path to significant redevelopment value tomorrow.
Location
State CA
County San Diego
Area San Diego
Zoning M-U Mixed Use
Building
Story 1
Others
Special Listing Condition Standard
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Listed by Maher Commercial Realty
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