For Sale
$1,290,000

155-167 Highland AveSan Bernardino, CA 92404

San Bernardino multi-tenant storefront, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional San Bernardino, CA investment property, located at 155-167 E Highland Ave, presents a compelling opportunity for owner-users or investors. The 6,618 square foot storefront building sits on a 0.32-acre lot and features four units ranging in size, ideal for a variety of uses. Currently operating as a multi-tenant retail center, the property offers significant value-add potential. The asking price is $1,290,000, translating to $194.92 per square foot and a land value of $650,000 per acre. Built in 1961, the property is zoned for commercial use and boasts a strong pro-forma NOI of $102,898, resulting in a 7.98% pro-forma cap rate. All units are currently under market rent on month-to-month leases, presenting an immediate opportunity to increase income. The property's location, just two blocks from St. Bernardine Hospital, makes it particularly attractive for medical office use. This rare small commercial property is situated in a high-traffic, densely populated area, making it an excellent choice for owner-occupancy or investment. The property's APN is 0146-022-14-0000

Highlights

  • Rare small commercial property in San Bernardino, CA.
  • Suitable for medical, office, or retail use.
  • High-traffic location in a densely populated area.
  • Ideal for owner-occupancy or investment.
  • Two blocks from St. Bernardine Hospital.

Property Details for 155-167 Highland Ave

Property type
Retail properties, Office properties
Square Feet
6,618 SF
Year Built
1961
Lot Size (sq. ft)
13,939 SF
Units
4

Location Insight

City
San Bernardino
County
San Bernardino
State
California
Latitude
34.1357335
Longitude
-117.2833065
155-167 Highland Ave, San Bernardino, California

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155-167 Highland Ave
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