Skip To Content
    Return to Previous Page

    119 N Main Avenue

    Fallbrook, CA 92028
    • $750,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: NDP2000144
    UPDATED: 46 min ago
    $750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,167
      SQFT
    • $145
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1967
    County:

    School Ratings & Info

    Description

    Huge outdoor seating area for restaurant! We are pleased to present this rare opportunity to own the world-famous Jackson Square in the heart of midtown Fallbrook. This property is centrally located on the best block in town and offers 6 commercial units totaling 5,167 square feet. The six units include 2 large storefront retail spaces, 1 real estate office, 1 computer repair office & 2 restaurants. All units are rented, except for the restaurants. The property also includes a HUGE patio, perfect for outside restaurant seating. NOTE: APN 103-264-10-00 IS A SEPARATE PARCEL AND MUST BE INCLUDED IN SALE FOR $200,000. Total asking for both parcels $950K. Located one block from the famous Mission Theater, one block from Harry's Sports Bar & Grill, and across the street from Prohibition Station Brewery, the potential for this desirable commercial location is limitless. Fallbrook hosts a number of highly attended events along this urban corridor including the popular Avocado Festival right on Main Street which attracts tens of thousands of visitors each year. Don't miss this opportunity as properties on this block don't hit the market often.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T17:32:15.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/110335002
    Print Image

    119 N Main Avenue Fallbrook, CA 92028

    • Price: $750,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: NDP2000144
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,167
    SQFT
    $145
    $/SQFT
    1967
    Built
    Neighborhood:
    92028 - Fallbrook
    County:
    San Diego
    Area:
    92028 - Fallbrook
    Property Description
    Huge outdoor seating area for restaurant! We are pleased to present this rare opportunity to own the world-famous Jackson Square in the heart of midtown Fallbrook. This property is centrally located on the best block in town and offers 6 commercial units totaling 5,167 square feet. The six units include 2 large storefront retail spaces, 1 real estate office, 1 computer repair office & 2 restaurants. All units are rented, except for the restaurants. The property also includes a HUGE patio, perfect for outside restaurant seating. NOTE: APN 103-264-10-00 IS A SEPARATE PARCEL AND MUST BE INCLUDED IN SALE FOR $200,000. Total asking for both parcels $950K. Located one block from the famous Mission Theater, one block from Harry's Sports Bar & Grill, and across the street from Prohibition Station Brewery, the potential for this desirable commercial location is limitless. Fallbrook hosts a number of highly attended events along this urban corridor including the popular Avocado Festival right on Main Street which attracts tens of thousands of visitors each year. Don't miss this opportunity as properties on this block don't hit the market often.
    Exterior Features

    Lot Features LandscapedNear Public TransitUtilities - OverheadWalkstreet

    Property Features

    Accounting Type Proforma Additional Parcels Description 103-264-10-00 Additional Parcels YN Yes Advertising Expense 0.00 Building Area Units Square Feet Building Name Jackson Square Cap Rate 7.20 Gross Scheduled Income 97500.00 Inclusions Dine And Shop In The Heart Of Fallbrook Village. Two Buildings And Six Lucrative Businesses. This Fallbrook Landmark Is Home To 4 Retail Stors And 2 Restaurants. (Note: Apn 103-264-10-00 Is A Separate Parcel And Must Be Included In Sale For $200000). The Older Front Single Story Retail Buildings Were Built In 1859 And The Back Two Story Which Houses The Dining Facilities Was Built In 1967. Four Out Of The Six Units Are Occupied With Restaurant 1 & 2 Vacant. Insurance Expense 2000.00 Investment Property YN Yes Net Operating Income 68250.00 Occupancy Occupied Operating Expense 0.00 Park Name Street Parking Property Sub Type Retail Real Estate Tax Expense 9500.00 Special Listing Conditions Standard Total Expenses 29000.00 Trash Expense 0.00 Water Source Public Year Built Source See Remarks Zoning Commercial

    Listing provided courtesy of Corey Murphy of Pabalyn Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T17:32:15.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364769960-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364769960-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364769960-1.jpg
    Logo
    The Alvarado Brothers | Ever Stewart Alvarado Broker
    1800 N Bristol St, Suite C135
    Santa Ana CA, 92706