Description

219 N Kalmia Street is a premier commercial surface parking lot and income-generating asset located on a highly visible corner in the vibrant, historic heart of Downtown Escondido, California. Positioned just one block from the historic East Grand Avenue shopping and dining district, and directly adjacent to the Escondido Civic Center complex (comprising City Hall, the California Center for the Arts, and Grape Day heritage park), the property boasts exceptional walkability to a nearby 137,324-square-foot neighborhood commercial plaza filled with specialty retail, cafes, casual dining, and a weekly farmers market. Generating steady immediate returns via a long-term lease for parking and a standalone ATM building with potential further lease options, this strategic North San Diego County land holding benefits from robust regional connectivity via Interstate 15 and State Route 78, ensuring ongoing, rigid transit demand within an established urban hub. This versatile property offers a flexible foundation to support various long-term ownership objectives, whether maintaining the low-maintenance net-leased infrastructure or exploring future vertical urban redevelopment, subject to zoning, municipal requirements, and buyer due diligence.