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Shopping Neighborhood

1722 E Highland Ave

1722 E Highland Ave, San Bernardino, CA 92404

Listing Price: $980,000

Cap Rate
1.00%
Rentable SF
7,241
Lot Size
0.28 acres
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 1722 East Highland Avenue, a freestanding retail building in the city of San Bernardino, California. The property is situated in a state integrated opportunity zone on the north side of Highland Ave, between Del Rosa Avenue North and Osbun Road with nearby access to the OmniTrans bus line. The subject property is less than 1 mile from Interstate 210 on/off ramp and in proximity to San Bernardino International Airport (3 miles) and Ontario International Airport (23 miles). Major retailers in the Highland Avenue commuter corridor include Harbor Freight Tools, Walgreens, CVS, Stater Bros. Markets, AutoZone, Domino’s Pizza and Mc Donald’s. In addition, East Highland Avenue is surrounded by medium to high density residential communities which boosts pedestrian traffic. Constructed in 1983, the property consists of four suites legally with a total building area of 7,241 square feet on a 12,250 square feet lot. There are five parking spaces in front of the building. The property is currently vacant and will be delivered vacant at point of sale, thus giving buyer the opportunity to lease at market rent with new tenant of buyer’s choice. There are bathrooms and storage rooms with shelving in each suite. One of the suites offers a kitchen with a dual sink and bar countertop and a built-in stage with stairs on the side. The property is strategically located in the Riverside-San Bernardino Metro, also known as the Inland Empire. The Inland Empire covers 28,000-square-miles in Southern California and is one of the fastest growing population centers in the United States. The average household income within five miles of the property is over $65,000. The average population within five miles of the property is in excess of 245,000.

Investment Highlights

  • Zoned CG - 1
  • Opportunity Zone | Potential Tax Advantage
  • East Highland Ave is a Major Retail Corridor
  • Adjacent to Harbor Freight Tools and Other Retail & Restaurants
  • Less Than 1 Mile from Interstate 210 On/Off Ramp
  • Surrounded by Medium to High Density Residential Communities
  • SBA 504 / Owner-User Loan Financing Available

Exclusively Listed By

Financing By

Shopping Neighborhood

1722 E Highland Ave

Listing Price: $980,000

Cap Rate
1.00%
Rentable SF
7,241
Lot Size
0.28 acres
Year Built
1983

Investment Highlights

  • Zoned CG - 1
  • Opportunity Zone | Potential Tax Advantage
  • East Highland Ave is a Major Retail Corridor
  • Adjacent to Harbor Freight Tools and Other Retail & Restaurants
  • Less Than 1 Mile from Interstate 210 On/Off Ramp
  • Surrounded by Medium to High Density Residential Communities
  • SBA 504 / Owner-User Loan Financing Available

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 1722 East Highland Avenue, a freestanding retail building in the city of San Bernardino, California. The property is situated in a state integrated opportunity zone on the north side of Highland Ave, between Del Rosa Avenue North and Osbun Road with nearby access to the OmniTrans bus line. The subject property is less than 1 mile from Interstate 210 on/off ramp and in proximity to San Bernardino International Airport (3 miles) and Ontario International Airport (23 miles). Major retailers in the Highland Avenue commuter corridor include Harbor Freight Tools, Walgreens, CVS, Stater Bros. Markets, AutoZone, Domino’s Pizza and Mc Donald’s. In addition, East Highland Avenue is surrounded by medium to high density residential communities which boosts pedestrian traffic. Constructed in 1983, the property consists of four suites legally with a total building area of 7,241 square feet on a 12,250 square feet lot. There are five parking spaces in front of the building. The property is currently vacant and will be delivered vacant at point of sale, thus giving buyer the opportunity to lease at market rent with new tenant of buyer’s choice. There are bathrooms and storage rooms with shelving in each suite. One of the suites offers a kitchen with a dual sink and bar countertop and a built-in stage with stairs on the side. The property is strategically located in the Riverside-San Bernardino Metro, also known as the Inland Empire. The Inland Empire covers 28,000-square-miles in Southern California and is one of the fastest growing population centers in the United States. The average household income within five miles of the property is over $65,000. The average population within five miles of the property is in excess of 245,000.

Exclusively Listed By

Financing By

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