25598 Baseline Street
San Bernardino, CA 92410
$1,800,000.00 (+900%)
Active for $2,000,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 54,901 sqft
| MLS | OC24181102 |
| Year Built | |
| Property Type | Retail |
| County | San Bernardino |
| Status | Active |
| Active | $2,000,000 |
| Structure Size | N/A sqft |
| Lot Size | 54,901 sqft |
| Beds | N/A |
| Baths | N/A |
Description
This is a rare opportunity to own prime real estate on Baseline Street with multiple tenants boasting a sprawling lot that spans multiple parcels, offering endless potential for significantly higher rental income. All Feed & Tack (Tenant) has been there for 37 years and overtime spread their business expanded onto the parking however they are NOT paying for this extra space and currently on a Month to Month lease. This creates a perfect opportunity for the Buyer to give this tenant a lease with a commensurate rental increase. All the tenants (except for the restaurant) are month to month and paying below market rent. We feel the "Stabilized Rent" is a conservative forecast on the potential for higher rental income. Request the property website link to download the offering memorandum that has all the details.
Listing information courtesy of: John Gessford, First Team Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Adam Gitter
REALTOR®
Direct: 602.425.0201
Email: Email Me
DRE: 02230327
DRE #01873088
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