For Sale
$1,900,000

10346 Locust AveBloomington, CA 92316

High-yield industrial property, 3 tenants.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,286 square foot industrial property situated on a 38,220 square foot lot in Bloomington, CA (92316). The property, built in 1920, is zoned BL/IC (Community Industrial), allowing for diverse light industrial uses including manufacturing, warehousing, construction support, transportation, and agricultural support. Currently boasting 100% occupancy with three tenants, the property generates a substantial net operating income (NOI) of $13,000 annually. The asking price is $1,900,000, translating to $578.21 per square foot and $8,000 per acre for the land. The property includes three separate electric, gas, and water meters for efficient utility management. Key features include two single-story houses, each currently rented for $2,500 per month (4 beds/4 baths and 3 beds/2 baths respectively), and a gated, paved yard with two container offices equipped with bathrooms, currently leased for $8,000 per month. This versatile property offers significant rental income potential and is ideal for owner-users seeking both office and operational space with limited outside storage needs. The property's location in San Bernardino County provides convenient access to major transportation routes. All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to conduct their own due diligence.

Highlights

  • 3,286 SF commercial property for sale, zoned for diverse industrial uses.
  • Two income-producing residential properties: a 4 bed/4 bath ($2,500/month) and a 3 bed/2 bath ($2,500/month).
  • Additional income from two small offices and industrial land, generating $8,000/month in rent.
  • Property includes three electric meters, gas meters, and water meters.

Property Details for 10346 Locust Ave

Property type
Land, Industrial properties
Square Feet
3,286 SF
Year Built
1920
Stories
1
Units
3

Location Insight

City
Bloomington
County
San Bernardino
State
California
Latitude
34.066402332374
Longitude
-117.40953053591
10346 Locust Ave, Bloomington, California

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10346 Locust Ave
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