Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Historic California town hits market for stunning sum By: FOX Business May 15, 2024 at 14:37 PM EDT The entire downtown area of Campo, California, has been listed for sale. The property includes over two dozen buildings and roughly 95,000 square feet of land. A historic area in downtown California is up for grabs, but it comes with a pretty price tag.Top Gun Commercial Real Estate (Top Gun CRE) recently listed the downtown area of Campo, California, for sale. The area was settled in the 19th century and served as a military town in World War II, according to the Pacific Southwest Railway Museum Association.The Southern California unincorporated community has less than 3,000 residents, according to the 2020 census. It is located a mile from the U.S.-Mexican border and around 50 miles southeast of San Diego.AVERAGE COST OF AN AMERICAN HOME IN THE DECADE YOU WERE BORN, FROM 1940S TO PRESENT DAYThe property portfolio includes eighteen buildings and 95,000 square feet, according to the real estate company's website. The asking price is $6.6 million, and Top Gun CRE is calling for "forward-thinking investors" to move forward."The town presents a canvas for investors with vision, offering the potential for high cash flow and significant upside through strategic development and honed operations," the website reads. "The diverse portfolio includes a range of residential units, many of which have been recently updated with essential modern amenities such as new roofing and vinyl plank flooring, ensuring attractiveness and comfort for residents."BUYERS ARE TAKING ON RISKIER ADJUSTABLE RATE MORTGAGES AS AFFORDABILITY WORSENSTop Gun CRE's website calls the community "ripe for revitalization," and offers potential buyers the chance to "steer the future of Downtown Campo itself."Joseph Barela, real estate agent with Top Gun CRE, told KUSI in San Diego that a movie producer once showed interest in buying the area, as well as professional skateboarder Tony Hawk. Ideally, the next owner would be committed to investing in the community, Top Gun CRE relators say.CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTERLocals told the outlet that they enjoyed their small, secluded community."You don't get the hustle and bustle," Michael Hoffner, a resident of Campo, said. "You get to sleep peacefully, and you get to see the stars out here."GET FOX BUSINESS ON THE GO BY CLICKING HEREFox Business reached out to Barela for comment.For more Lifestyle articles, visit foxbusiness.com/lifestyle. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Historic California town hits market for stunning sum By: FOX Business May 15, 2024 at 14:37 PM EDT The entire downtown area of Campo, California, has been listed for sale. The property includes over two dozen buildings and roughly 95,000 square feet of land. A historic area in downtown California is up for grabs, but it comes with a pretty price tag.Top Gun Commercial Real Estate (Top Gun CRE) recently listed the downtown area of Campo, California, for sale. The area was settled in the 19th century and served as a military town in World War II, according to the Pacific Southwest Railway Museum Association.The Southern California unincorporated community has less than 3,000 residents, according to the 2020 census. It is located a mile from the U.S.-Mexican border and around 50 miles southeast of San Diego.AVERAGE COST OF AN AMERICAN HOME IN THE DECADE YOU WERE BORN, FROM 1940S TO PRESENT DAYThe property portfolio includes eighteen buildings and 95,000 square feet, according to the real estate company's website. The asking price is $6.6 million, and Top Gun CRE is calling for "forward-thinking investors" to move forward."The town presents a canvas for investors with vision, offering the potential for high cash flow and significant upside through strategic development and honed operations," the website reads. "The diverse portfolio includes a range of residential units, many of which have been recently updated with essential modern amenities such as new roofing and vinyl plank flooring, ensuring attractiveness and comfort for residents."BUYERS ARE TAKING ON RISKIER ADJUSTABLE RATE MORTGAGES AS AFFORDABILITY WORSENSTop Gun CRE's website calls the community "ripe for revitalization," and offers potential buyers the chance to "steer the future of Downtown Campo itself."Joseph Barela, real estate agent with Top Gun CRE, told KUSI in San Diego that a movie producer once showed interest in buying the area, as well as professional skateboarder Tony Hawk. Ideally, the next owner would be committed to investing in the community, Top Gun CRE relators say.CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTERLocals told the outlet that they enjoyed their small, secluded community."You don't get the hustle and bustle," Michael Hoffner, a resident of Campo, said. "You get to sleep peacefully, and you get to see the stars out here."GET FOX BUSINESS ON THE GO BY CLICKING HEREFox Business reached out to Barela for comment.For more Lifestyle articles, visit foxbusiness.com/lifestyle.