Leased Investment for Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30265742
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending/Contingent
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $35.36 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 6/21/2018

Overview / Comments

This mid-century commercial building is approximately 14,000 sq. ft., and zoned Regional Commercial, which allows for a multitude of uses.

The front portion and back warehouse of the building are currently leased to a tenant until 9/30/19. The back portion of the building is vacant and may be used by a Buyer, or leased out for additional rental income.

With the building being located on Highway 111, this property offers the maximum exposure to passing traffic. Additionally, less than 1 mile away, the Golf Center Parkway interchange offers easy access to the I-10 freeway.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 612031003
Zoning: REGIONAL COMMERCIAL (RC)
Retail Clientele: General
Property Visibility: Excellent
Year Built: 1954
Total Parking Spaces: 10
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,718 98,721 146,280
Median Age: 26.8 31.36 33.19
Households: 5,271 28,096 44,073

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