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Listed by John Gessford • First Team Real Estate
$2,000,000
Est. payment /mo
11,253 SqFt
UPDATED:
09/01/2024 03:49 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,253 sqft
Price per Sqft $177
MLS Listing ID CROC24181102
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 1.260 Acres
Property Description
This is a rare opportunity to own prime real estate on Baseline Street with multiple tenants boasting a sprawling lot that spans multiple parcels, offering endless potential for significantly higher rental income. All Feed & Tack (Tenant) has been there for 37 years and overtime spread their business expanded onto the parking however they are NOT paying for this extra space and currently on a Month to Month lease. This creates a perfect opportunity for the Buyer to give this tenant a lease with a commensurate rental increase. All the tenants (except for the restaurant) are month to month and paying below market rent. We feel the "Stabilized Rent" is a conservative forecast on the potential for higher rental income. Request the property website link to download the offering memorandum that has all the details.
Location
State CA
County San Bernardino
Interior
Fireplace No
Building
Water Public
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