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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$499,990

Est. payment - /mo

1.1 Acres Lot

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID HD26074170

HOA Y/N No

Year Built 1950

Annual Tax Amount $1,229

Tax Year 2024

Lot Size 1.100 Acres

Property Sub-Type Mixed Use

Property Description

***Come VIEW and MAKE an OFFER TODAY! Amazing COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. Positioned in the heart of Adelanto's Business Park District, the over 1-ACRE lot has plenty of space for parking or storage. Only a block from Hwy 395 and close to Interstate-15 the site offers excellent access to all of Southern CA. Plus, with Adelanto rapidly becoming a logistics/distribution hub, recent expansion has brought the SoCal Logistics Airport, Amazon fulfillment center, and Keurig/Dr. Pepper/Snapple manufacturing plant right next door. In addition, the site was part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions was invested on massive improvements to infrastructure, as the city prepares for FUTURE GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing even more cash flow. Recently, electrical/plumbing/window upgrades were made in the commercial building, and new split-unit AC's along with tank-less water heaters have been installed for efficiency. Also, the residential units have recent upgrades. Currently, the property is generating over $62,000 in GROSS INCOME, with the pro-forma potential of producing upwards of $70,000 per year. An ideal property for any real estate investor in the market for LUCRATIVE CAP RATES, or an entrepreneur that needs more space to grow. A definite must see OPPORTUNITY before it's too late.***

Location

State CA

County San Bernardino

Area Adl - Adelanto

Interior

Heating Natural Gas

Cooling Evaporative Cooling, Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Utilities Available Sewer Available, Sewer Connected

Roof Type Composition,Flat

Present Use Commercial,Multi-Family

Building

Lot Description 6-10 Units/Acre, Lot Over 40000 Sqft, Paved, Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 0459164110000

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard

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Listed by Jeffrey Nyal Coldwell Banker Home Source 7608877779, DRE #01373556

NEARBY SCHOOL & BUSINESS

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12036 Bartlett AVE Adelanto, CA 92301