NEW MESSAGE FROM THE CITY TO SELLER!! "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities, Marco will serve as the new Executive Director for downtown El Cajon, bringing fresh ideas and proven expertise to Main Street. " "What does this mean for our community? Get ready to see positive changes in the coming months: • Thriving New Businesses: Empty storefronts will soon house new restaurants, cafés, boutiques, and breweries, giving you more places to shop, dine, and enjoy local flavor. • Lively Events & Nightlife: From expanded outdoor events to live music nights, downtown will be buzzing throughout the week – not just on special occasions. (Imagine art walks, night markets, and family-friendly festivals bringing Main Street alive!) Plus, the City is updating old regulations to welcome more entertainment options, so you can enjoy a fun evening out right here in El Cajon. • Clean, Safe & Welcoming Streets: Expect to see cleaner sidewalks, improved lighting, beautiful landscaping, and public art that celebrates El Cajon’s heritage. Our revitalization plan includes a compassionate approach to homelessness, working with outreach teams to help our unhoused neighbors so everyone feels safe and welcome downtown." "This downtown revitalization is all about community. It’s a collaborative effort by local business owners, city leaders, and residents like you to create a downtown we can all be proud of. The vision is a bustling hub of culture and commerce that reflects El Cajon’s unique spirit – a place where families stroll the sidewalks, friends meet up for coffee, and entrepreneurs thrive. As these plans take shape, you’ll start to see tangible changes: new storefronts opening their doors, more events filling the calendar, and a renewed sense of excitement on Main Street. We invite you to be a part of this journey – come out and enjoy downtown, support our local businesses, and share your ideas. There’s never been a more exciting time to invest in Downtown!" See news reel link from City https://www.youtube.com/watch?v=09m1aSZ-0UE 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 are a vacant lot 927 W. Main Street and 925 W. Main Street Live/Work industrial office/retail are now on the market and offered separately. Mechanics Shop at 935 W. Main is also available off market and or in the On Market Portfolio sale. Seller is interested in a possible Portfolio sale from corner of W. Main Street/Millar St. 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. The Portfolio Sale is being offered at a discounted $4,900,000. Now for Sale individually - Vacant Lot approx. 5,582 SF +/- offered at $1,100,00 APN 487-282-28-00 and a Live/Work Industrial Commercial Building (with new roof as of May 28, 2019)is 1650 SF +/- on a 5, 219+/-SF lot offered separately at $1,300,000 APN: 487-282-29-00 both sitting in El Cajon's new Transit District overlay zoning for mixed-use redevelopment site in the "Green Street Gateway". Three long term tenants with month-month bring in about $8,350/month on three most eastern parcels (including the mechanics shop OFF MARKET at 935 W. Main) abutting the recently vacated corner Warehouse at 939 W. Main and Millar St. which had an income of $3500/m with m-m tenant. 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.