Property Description

Extremely rare mixed use Alpine Boulevard frontage retail space with three separate units, two at 741 ft.² each and one at 840 ft.² and 3 residential properties in the rear for additional income. Currently generating approximately $7,527 per month in gross rental income, this rare property is a great opportunity for investors or owner-users alike. Cap rate = 5.62% on 2025 full year numbers. Each retail unit has a bathroom and great exposure to the bustling main road through downtown Alpine. Small retail commercial space is very limited in this area and in high demand. One of the 3 retail units has a second entrance allowing for an easy split or sublease opportunity. The residential units are two 1 bedroom 1 bath apartments and a 3 bedroom/2 bath house in the back of the property. Located in the most popular section of Alpine's limited commercial market where Arnold Way meets Alpine Blvd. Tavern Road, Alpines onramps to the 8 freeway, is just 1.2 miles west. This property is extremely walkable for all the locals and retains all the small-town charm of Alpine. There's free public parking directly in front of the store fronts and 10 open parking spaces plus one handicap on site. Additional parking reserved for the residential tenants in back. Rare mixed-use residential & retail investment opportunity Buyer to verify all financial information, zoning, permitted uses, development potential, and square footage to their satisfaction.

Property Features