MLS® ID: EV18250685

1156 E Highland Avenue

San Bernardino, California, 92404

$1,600,000 Active
  • - SQFT
Seven Unit - - Retail/Office & Restaurant Strip Mall - - - Total square footage of all seven units is 12,576 sq ft and sits on a little more than an acre (43,660). - - - Each unit has its own gas and electric meter. - - - Six of the seven units are rented and are presently interviewing additional prospective tenants for the remaining. - - - Property has ample parking in front - - - Additionally, in the rear, there are 3 building warehouses for storage usage - - - (Buildings E - F & G (1500, 840 & 651 sq ft - - totaling 2991 sq ft) - - - plus an enclosed parking garage - - - After final unit is leased the cap rate will go up to 6-6.5%. Complete facade renovation including plaster and paint (2003-2004) - - - - - Interior renovations (plaster, paint, handicap facilities, etc (2003-2009) - - - - - Re-roofiing of most areas (2003-2009) - - - - - Re-paving of parking area including installation of Petromat base and surface asphalt (2009) - - - - - Renovation of 3, street-side pole signs (2010-2011) - - - - - Installation of new gate to back area (2017) - - - - - Continuous upgrade and repair of H/AC units throughout this period. - - - - - Property Tax 2018 ($5171) - - - - - Insurance 2018 ($5889) - - - - - This property is located in a high traffic, busy locale with thriving businesses all around. - - - - - Two parcels are included in this sale (Parcel # 0155-242-23 and Parcel # 0155-242-24)
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Listing courtesy of COLDWELL BANKER KIVETT-TEETERS

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92404
  • Office name
    COLDWELL BANKER KIVETT-TEETERS
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Business
  • Zoning type
    retail
  • Year built
    1957
  • Lot size
    43660.00
  • Heating
    Forced Air,Natural Gas
  • Tax year
    2018
  • Agent name
    MAUREEN GORE
  • Tax amount
    $ 5171.0
  • Purchase Type
    Active
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    E5818
  • Agent ID
    L100237

Location

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