8306 Highway 79 Highway, Descanso, CA 91916

  • $2,250,000
  • $2,250,000
8306 Highway 79 Highway, Descanso, CA 91916
Active
8306 Highway 79 Highway, Descanso, CA 91916
8306 Highway 79 Highway, Descanso, CA 91916
  • $2,250,000
  • $2,250,000

Description

Acquisition of this multi-unit commercial property requires the simultaneous purchase of the on-site restaurant, as both assets are held under common ownership. The property currently generates $59,000 in annual rent from three tenants. The restaurant — the fourth occupant — operates rent-free under current ownership, but carries an estimated market rent of $42,000 per year, placing potential Gross Scheduled Income at $101,000 annually. Since 2022, the owners have invested $152,000 in targeted capital improvements: $82,000 into the restaurant’s outdoor party area, $24,000 upgrading tenant spaces, $18,000 renovating the on-site residence, and $28,000 enhancing parking (65 spots with plans to expand to 88, ADA in process). The property is predominantly zoned C36, with a minor boundary adjustment currently pending. The adjustment will exchange a small residential strip with the adjacent property for a comparable commercial parcel, resulting in uniform C36 zoning across the entire site. No existing structures or tenants are affected by the change. Strategically positioned along a high-traffic corridor serving popular destinations including Julian, Lake Cuyamaca, and Mount Laguna, the property benefits from consistent year-round visibility and limited direct competition in the immediate trade area. The restaurant draws a loyal, repeat clientele further supported by steady destination traffic passing through the region.

  • Address 8306 Highway 79 Highway
  • State/county CA
  • Zip/Postal Code 91916

Details

Updated on April 3, 2026 at 12:55 am
  • Property ID: NDP2603156
  • Price: $2,250,000
  • Property Size: 6158 Sqft
  • Garage Size: x x
  • Year Built: 1925
  • Property Type: Business, Commercial Sale
  • Property Status: Active

Additional details

  • Listing Terms: Cash,Conventional,1031 Exchange
  • County: San Diego
  • Property Type: Commercial Sale

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