$1,200,000
$1,550,000
22.6%For more information regarding the value of a property, please contact us for a free consultation.
1 Acres Lot
SOLD DATE : 06/11/2020
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV18250685
Sold Date 06/11/20
HOA Y/N No
Year Built 1957
Annual Tax Amount $5,171
Tax Year 2018
Lot Size 1.000 Acres
Lot Dimensions Assessor
Property Sub-Type Business
Property Description
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. - - - All seven units are rented. - - - 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 - - -All units are rented - - - The cap rate is 5.8 %.
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)
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Zoning retail
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry None
Exterior
Community Features Gated, Park
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 30
Building
Lot Description 6-10 Units/Acre, Lot Over 40000 Sqft, Level, Near Park, Near Public Transit, Rectangular Lot, Walkstreet, Flat
Story 1
Water Public
Others
Tax ID 0155242230000
Security Features Fire Detection System,Gated Community,Smoke Detector(s),Security Lights
Acceptable Financing Conventional, Trust Conveyance
Listing Terms Conventional, Trust Conveyance
Financing Other,Seller Financing
Special Listing Condition Standard, Trust
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Bought with MAUREEN GORE • COLDWELL BANKER KIVETT-TEETERS