12155 Palm Dr

Shopping Center for Sale
Catylist Listing ID: 30618763
Property Subtypes: Strip Center
Building Size (RSF): 10,900 SF
Gross Building Area: See Agent
Sale Price: $999,000
Unit Price: $91.65 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Other
Last Updated: 10/20/2020

Overview / Comments

Strip Center/ General Commerical Building !Vacant Building with Great Frontage and Exposure !! Located on the Main Drive Just under 100 sqft of Palm Drive frontage, 10900 sqft on 27878 sqft lot with unlimited potential ! Great Location and exposure 37 parking spots and much much more ! Pre Covid 7.6% Cap rate At this current sales price and market value cap rate would be over 9% .

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 641-042-047, 641-042-048
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Acoma Ave / Buena Vista Ave
Property Visibility: Excellent
Largest Nearby Street: Palm Drive
Site Description: Excellent Location !! Lowest price/SQFT and below replacement cost for such highly visible, well located property with 37 parking spaces, 9,597 SQFT updated building, 27,878 SQFT of land.
Area Description: Located in the Heart of Commercial Commerce !!
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Year Renovated: 2017
Construction/Siding: Stucco
Exterior Description: 3.39 Parkoing Spaces per 1,000 SF Leased
Parking Type: Surface
Total Parking Spaces: 37
Zoning Description: General Commercial
Land Ownership: Fee

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,154 34,145 40,979
Median Age: 29.99 32.4 35.04
Households: 5,535 11,294 14,225


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