Retail Investment on Hwy 111

Retail-Commercial for Sale
Catylist Listing ID: 30341088
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 4,100 SF
Gross Building Area: See Agent
Sale Price: $1,195,000
Unit Price: $291.46 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.73%
Last Updated: 3/12/2019

Overview / Comments

Excellent 6+% Cap multi-tenant retail investment on Highway 111.
Maintained AC and new roof. Plenty of parking (3.0/1000 - 12+ Spaces, front and rear). In between Tower Market and Las Casuelas Cafe on San Luis Rey. High Traffic Count 36,000+ ADT.

Call for financial statement.

Buyer to verify Parking, Square Footage, Zoning, Utilities and Financials.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 627-221-002
Zoning: C-1
Property Visibility: Excellent
Largest Nearby Street: San Luis Rey
Traffic/Vehicle Count: 36,000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1960
Total Parking Spaces: 12
Parking Ratio: 3 (per 1000 SF)
Parking Description: Open City Parking - ratio is 3/1000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,268 38,439 96,393
Median Age: 43.25 51.54 51.05
Households: 6,546 18,384 45,006

Sponsoring Organization

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