Owner/User or Mixed-Use Redevelopment 939 W Main St

The trophy asset on the west corner of W. Main Street and Millar is finally offered for sale and on the market for $2,500,000 as existing industrial warehouse and seller can sell licenses. Or redevelop this corner and start fresh with a brand-new retail/office suites with upper shop keep units for the newest mixed-use project in El Cajon.
This City of El Cajon is screaming for developers to come in and revamp the area within the new Commercial Village overlay. Contact me to learn more about this property. City of El Cajon has advised developers to look into the application of new state laws AB2011 and SB6 which may help you to up-zone the residential component of this proposed redeveloped mixed-use. This area is just east of the 8 freeway with frontage on W. Main St. as you enter El Cajon and walking distance to Trolley Line. City is
anxious to see this area redeveloped into a "North Park" of the east with tons of walking traffic, restaurants, retail, office and some upper units. This area is just primed for your developers looking for a new mixed-use project with very low parking requirement. See attached for AB2011 and SB6 for mixed-use development and residential.
Housing production bill AB 2011 is a housing production bill that creates a ministerial, California Environmental Quality Act (CEQA)-exempt, time-limited approval process for multifamily housing developments on commercially zoned property1. It sets specific standards for infill location, minimum density, maximum height, and urban design and grants projects streamlined approval based on meeting these specific objective development standards2. In exchange for certain amounts of on-site affordable housing and workforce commitments, AB 2011 provides for streamlined approvals and in some cases increased height limits and relaxed density limits3. AB 2011 was signed by Governor Newsom on September 28, 2022, and became effective July 1, 20233.
Housing production bill:
AB 2011 is a housing production bill that creates a ministerial, California Environmental Quality Act (CEQA)-exempt, time-limited approval process for multifamily housing developments on commercially zoned property1. It sets specific standards for infill location, minimum density, maximum height, and urban design and grants projects streamlined approval based on meeting these specific objective development standards2. In exchange for certain amounts of on-site affordable housing and workforce commitments, AB 2011 provides for streamlined approvals and in some cases increased height limits and relaxed density limits3. AB 2011 was signed by Governor Newsom on September 28, 2022, and became effective July 1, 20233.
Buyer to investigate AB 2011 and SB 6 for increased housing to see if this industrial area and any conversions to residential units will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon. The seller owns the neighboring three parcels to the east also shown in this drone and are off market to be sold separately, but allow for a developer to acquire four parcels for a larger mixed-use development. Other Parcels shown in drone have a vacant lot
927 W. Main Street offered off market and 925 W. Main Street office/retail is offered separately off market shown in drone. Mechanics Shop at 935 W. Main is also off market and available. Seller is interested in a possible separate sale from corner of W. Main Street/Millar Avenue to the first dirt lot with the right buyer looking for a larger project totaling just over 21,000 SF with all four lots combined. OFF MARKET Vacant Lot and Commercial Building, APN's 487-282-28-00 & 487-282-29-00 sit in El Cajon's new Transit District overlay zoning for mixed-use redevelopment site in the "Green Street Gateway". 487-282- 29-00 is approx. 5,198 SF Lot with an approx. 1,650 SF office building with new roof as of May 28, 2019. 487-282-28-00 is approx. a 5,582 SF vacant Lot. Two long term tenants with month-month bring in about $5,700/month on two most eastern parcels (not including the mechanics shop 935 W. Main or Warehouse at 939 W. Main.) Income could help with the wait for entitlements. The four lots are backing an older residential neighborhood and near trolley by 2 blocks. For more info. Call Lesha Montoya 619-992-5863; LIC#02007808 Lesha@PacificCoastCommercial.com.