In California, a state where single-family homes often cost millions of dollars, essentially an entire city was put on the market for just $6.6 million.
Top Gun commercial real estate listed a 16-acre property in Campo, California, a town about two miles from the Mexican border and about an hour east of San Diego. On that list were 28 buildings that made up the majority of the town’s property. Most were built in the 1940s.
Those properties were also occupied. About 100 residents are renting homes from a single owner who is looking to sell. The Border Patrol also leases a commercial building in town.
The seller (and townspeople) hope whoever buys Campo has revival in mind.
“Investors can choose to build to maximize existing land density without altering the existing structure of the town, or alternatively, consider a complete redevelopment to modernize and enhance enhance the image of Campo,” the listing reads. “Campo’s appeal is not limited to its physical transformation potential but is also enhanced by its strategic location. Its proximity to San Diego opens up countless recreational, cultural and economic opportunities, making it an attractive proposition for long-term investors looking to make a significant impact.”
Included in the sale are 28 residential properties, available for rent from $250/month to $1,600/month, as well as a church, hardware store, post office, lumber yard and courthouse. border patrol house. In total, more than 62,000 square feet of property are part of the sale—with monthly rents totaling $44,253 worth of recurring income to the new buyer.
Unfortunately, the town will pay for itself in just 149 months!
Campo was originally established in World War II to house soldiers in case of an invasion, which (of course) never happened.
