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Fallbrook Village 125 S Main Ave

8,200 SF 100% Leased Retail Building Fallbrook, CA 92028 $2,100,000 ($256/SF) 5.45% Cap Rate

Investment Highlights

  • An Iconic Landmark in Fallbrook, CA
  • Prime Location in Downtown Village of Fallbrook
  • Historic El Real Hotel Repurposed for Modern Use
  • Fully Occupied with Flexible Leasing Options

Executive Summary

The El Real Hotel, a historic landmark originally built in 1930, is located on Main Avenue in Downtown Fallbrook. This charming and iconic building has been thoughtfully repurposed as a mixed-use property, combining the energy of a popular sports bar on the ground floor with professional office spaces on the second floor. The property offers approximately 8,200 square feet of gross leasable area, comprising eight upstairs office suites, a single ground-floor retail unit, and the well-established sports bar, known as a lively destination for locals and visitors alike. The building occupies a 6,992-square-foot lot, supplemented by an additional 4,702-square-foot parking area located directly behind the property, providing convenient access for tenants and patrons. Currently, the El Real is 100% occupied, reflecting the high demand and
appeal of its unique spaces and historical character. All tenants are on month-to-month leases, granting a new owner significant flexibility for future development, tenant mix adjustments, or repositioning.
This property offers a rare chance to own a distinctive piece of Fallbrook’s
history while benefiting from its established appeal and revenue potential.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,200 SF
Building Class
C
Year Built
1930
Price
$2,100,000
Price Per SF
$256
Cap Rate
5.45%
NOI
$114,453
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.70
Land Acres
0.27 AC
Parking
10 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
68 FT on S Main Ave

Amenities

  • 24 Hour Access
  • Restaurant
  • Skylights
Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 103-221-11
  • 103-221-18
Land Assessment
$937,835
Improvements Assessment
$937,845
Total Assessment
$1,875,680
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 34062149

  • Date on Market: 12/3/2024

  • Last Updated:

  • Address: 125 S Main Ave, Fallbrook, CA 92028

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