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2707 Old Hwy 111

Imperial, CA 92251
  • $480,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 23232751IC
UPDATED: 59 min ago
$480,000
  • 0
    BEDS
  • 4.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:
Area:

School Ratings & Info

Description

No doubt about it...you're gonna kick yourself if you don't look at this property. This unique property is situated on the NW signalized corner of Old Hwy 111 and Worthington Rd in Imperial. The site was previously known as Wilson's Corner where the El Tiki Restaurant was located for many years. There's 5 parcels of land that total 4.68 acres. There's a mobile home on the corner that rents for $1000 per month, plus 4 homes ranging from 576sf to 2150sf with a total income of $2300 per month. Yes, the rent is low but that's because some family members have been living there for several years. They want to stay and will consider paying an increased rental rate. Clearly, there's potential to rent out the vacant mobile home plus increasing the existing rents to market rate. So, you can buy an affordable country property to live, an opportunity to have rental income, plus an opportunity to set up your business on your own property. And, did I say there's a shop in the back, yep. The property is unique because it has a commercial zone, C-2-PE (Commercial Medium-Pre-Existing). This is a great site for an owner/operator to work, live and have additional income. The additional parcel numbers are 044-500-007, 044-500-008, 044-500-077, 044-500-080. Call your agent asap and take a look. There are many permitted uses , some would include: Appliance stores, including service and repair; auto sales/leasing/rentals, Auto service, tire sales and repair, Auto wash, card room, Boat sales, including service and parts, carpet cleaning, medical or physical therapy clinic for outpatient use only, Clothing & apparel stores, Club or lodge, Commercial cargo containers, Computer stores, Convalescent hospital, Dance school, Department stores, Electrical vehicles charging stations as a primary use, Emergency shelters, small equipment rental/repair, Farmers market, Feed stores, Fire/police station, Floor covering, drapery & upholstery stores, Furniture stores, Gardening & landscaping stores, Gun stores (including repair, Hardware (general), including lumber sales provided there is no outside storage of materials, Hospital, Janitorial service, Laboratory testing, including medical, optical and biological, Lawn equipment, including repair, Liquor stores, Military surplus, Mini-warehouse (no outside storage), Mobile home sales, including rental and service, Motorcycle sales, including service and repair, Nursery, Office machine/equipment, Paint and wallpaper stores, Pawn shops, Pest control, Pet grooming, Pet stores, Plumbing supply, provided no outside storage, Pool or billiard parlor, Pottery stores, Public agency, Recreational vehicle sales and service, Self-service auto wash, Solar energy extraction generation, Sporting goods, truck fueling station without repair, Truck sales, including rental provided no repair or service, Veterinarians office. Utility building. Auto body repair & painting, College or university, Commercial cannabis retail sales, distribution and testing subject to Division 4, Chapter 6 of Title 9, Land Use Ordinance and Title 14 of the Imperial County Codified Ordinances. Communication towers, including radio, television, cellular, digital, along with the necessary support equipment such as receivers, transmitters, antennas, satellite dishes, relays, etc. (subject to requirements of this zone and Division 24; Section 92401 "Communications Facilities Ordinance" et al. Community sewage treatment facility. Community water treatment facility. Contractors storage yard, Equestrian establishment, Flea market, Flood control facility. Heliport. Massage parlor. Transfer station. Facilities for the transmission of electrical energy (100-200 kV).

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© 2023 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2023-02-02T22:41:15.413.
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2707 Old Hwy 111 Imperial, CA 92251

  • Price: $480,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 59 min ago
  • MLS #: 23232751IC
0
Beds
0
Baths
0
½ Baths
4.68
Acres
1966
Built
Neighborhood:
Imperial
County:
Imperial
Area:
Imperial
Property Description
No doubt about it...you're gonna kick yourself if you don't look at this property. This unique property is situated on the NW signalized corner of Old Hwy 111 and Worthington Rd in Imperial. The site was previously known as Wilson's Corner where the El Tiki Restaurant was located for many years. There's 5 parcels of land that total 4.68 acres. There's a mobile home on the corner that rents for $1000 per month, plus 4 homes ranging from 576sf to 2150sf with a total income of $2300 per month. Yes, the rent is low but that's because some family members have been living there for several years. They want to stay and will consider paying an increased rental rate. Clearly, there's potential to rent out the vacant mobile home plus increasing the existing rents to market rate. So, you can buy an affordable country property to live, an opportunity to have rental income, plus an opportunity to set up your business on your own property. And, did I say there's a shop in the back, yep. The property is unique because it has a commercial zone, C-2-PE (Commercial Medium-Pre-Existing). This is a great site for an owner/operator to work, live and have additional income. The additional parcel numbers are 044-500-007, 044-500-008, 044-500-077, 044-500-080. Call your agent asap and take a look. There are many permitted uses , some would include: Appliance stores, including service and repair; auto sales/leasing/rentals, Auto service, tire sales and repair, Auto wash, card room, Boat sales, including service and parts, carpet cleaning, medical or physical therapy clinic for outpatient use only, Clothing & apparel stores, Club or lodge, Commercial cargo containers, Computer stores, Convalescent hospital, Dance school, Department stores, Electrical vehicles charging stations as a primary use, Emergency shelters, small equipment rental/repair, Farmers market, Feed stores, Fire/police station, Floor covering, drapery & upholstery stores, Furniture stores, Gardening & landscaping stores, Gun stores (including repair, Hardware (general), including lumber sales provided there is no outside storage of materials, Hospital, Janitorial service, Laboratory testing, including medical, optical and biological, Lawn equipment, including repair, Liquor stores, Military surplus, Mini-warehouse (no outside storage), Mobile home sales, including rental and service, Motorcycle sales, including service and repair, Nursery, Office machine/equipment, Paint and wallpaper stores, Pawn shops, Pest control, Pet grooming, Pet stores, Plumbing supply, provided no outside storage, Pool or billiard parlor, Pottery stores, Public agency, Recreational vehicle sales and service, Self-service auto wash, Solar energy extraction generation, Sporting goods, truck fueling station without repair, Truck sales, including rental provided no repair or service, Veterinarians office. Utility building. Auto body repair & painting, College or university, Commercial cannabis retail sales, distribution and testing subject to Division 4, Chapter 6 of Title 9, Land Use Ordinance and Title 14 of the Imperial County Codified Ordinances. Communication towers, including radio, television, cellular, digital, along with the necessary support equipment such as receivers, transmitters, antennas, satellite dishes, relays, etc. (subject to requirements of this zone and Division 24; Section 92401 "Communications Facilities Ordinance" et al. Community sewage treatment facility. Community water treatment facility. Contractors storage yard, Equestrian establishment, Flea market, Flood control facility. Heliport. Massage parlor. Transfer station. Facilities for the transmission of electrical energy (100-200 kV).
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Garage Structures Total 0 Parking Garage Private Roof Composition Total Parking 8

Interior Features

Cooling CfacElectricWindow Unit(S) Equipment Oven/Range-Electric Flooring CarpetMixedHardwood Heating Cfae Laundry Outside Rooms KitchenLiving/Dining Unit Baths1 0.00 Unit Beds1 0 Water Heaters YN Yes

Property Features

Adjusted Gross Income 1300 Disclosures As Is Gross Operating Income 0 Net Operating Income 0.00 Number Leased 3 Owner Pays WaterElectric Property Sub Type 1 To 4 Units Sale Type Standard Sewer Septic Total Annual Expense 0 Unit Rent1 0.00 Water Canal Water Heater Features Electric Zoning C2-Pe

Listing courtesy of Pat Seay Real Estate: 760-353-0849.


© 2023 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2023-02-02T22:41:15.413.
 
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502 W. Aten Rd. #101
Imperial CA, 92251