- The entire city of Campo, California, is listed at $6.6 million
- The city consists of 28 buildings and is in urgent need of renovation
An entire city has been put on the market for just $6.6 million, but comes with a host of costs for the new owner.
Located just an hour outside of San Diego, California, the small town of Campo is being sold by Nick Hernandez and Joseph Barela with brokers Top Gun CRE.
The city consists of 28 buildings, including a mix of residential and commercial buildings, and is in urgent need of renovation. By purchasing the building, interested parties can also determine which direction they want to take with the city center.
Many of the residential units have been renovated for aesthetics and comfort, including new roofing and plank floors.
Other vacant buildings offer opportunities for new businesses, such as gyms, laundromats, daycares or community centers.
Located just an hour outside of San Diego, California, the small town of Campo is listed by Nick Hernandez and Joseph Barela with the real estate company Top Gun CRE.
The city consists of 28 buildings, including a mix of residential and commercial buildings, and is in urgent need of renovation
Investors can focus on building more homes on available land without altering existing buildings.
This may include the construction of apartments, townhouses, or other types of multi-unit housing.
An investor can also demolish and rebuild a significant part of the city for the sake of modernization, such as adding new residential options, commercial spaces and improved infrastructure.
In an interview with a local Fox affiliate KUSIBarela said he has had a number of interested parties, such as famed film producer (whose identity he did not reveal) and professional skateboarder Tony Hawk.
The city was originally built during World War II to house soldiers in the event of an invasion. Campo is currently home to 100 residents, all renting from one owner, who is willing to sell the property.
An investor can also demolish and rebuild a significant part of the city for the sake of modernization, such as adding new residential options, commercial spaces and improved infrastructure.
Campo locals are not opposed to the town’s potential new owner, as long as its charm is preserved during the redevelopment process
The city was originally built during World War II to house soldiers in the event of an invasion. Campo is currently home to 100 residents, all renting from one owner, who is willing to sell the property
‘Border Patrol rents a business premises there. I also have 6 other commercial tenants. There are 28 residential units spread over 21 residential buildings,” says Barela.
Campo locals are not opposed to the town’s potential new owner, as long as its charm is preserved during the redevelopment process.
“It’s quite nice, it’s a lot quieter than the city,” said Michael Hoffner, a local Campo resident.
‘You don’t know the hustle and bustle, you sleep peacefully and you can see the stars here.’
“I love it here, the environment and the nature,” says local Tony Martinez.