For Sale
$10,000,000

1617 Highland Ave San Bernardino, CA 92404

San Bernardino Retail Center - $10M

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 60,912 square foot shopping center in San Bernardino, CA, presents a lucrative investment opportunity. Built in 1985, the property sits on a 5.45-acre lot and boasts 395 parking spaces, ensuring ample customer convenience. The center enjoys a prime location at a busy, signalized intersection, offering significant visibility and exposure. Currently home to a mix of national and regional tenants, including DD's Discounts, Little Caesars Pizza, and Shiekh Shoes, the center benefits from a strong daytime population and favorable demographics. The property's large lot size allows for expansion or redevelopment opportunities. A significant portion of the space is available for lease, ideal for a variety of retail uses, including furniture stores, discount stores, or even an indoor swap meet. The motivated seller is open to a 1031 exchange, making this an attractive option for investors seeking tax advantages. Nearby major retailers include McDonald's, Wells Fargo Bank, CVS Pharmacy, Walgreens, and Subway, further enhancing the property's desirability and potential for continued success. The asking price is $10,000,000, with a price per square foot of $188.80. This is a rare chance to acquire a well-established shopping center in a thriving retail corridor.

Highlights

  • Grocery-anchored shopping center.
  • Strong national tenant lineup.
  • High-traffic location at a signalized intersection.
  • Excellent visibility and signage opportunities.
  • Landlord offering flexible terms.
  • Extensive parking on a large lot.

Property Details for 1617 Highland Ave

Property type
Lifestyle centers, Power centers
Square Feet
60,912 SF
Year Built
1985
Lot Size (sq. ft)
237,402 SF

Location Insight

City
San Bernardino
County
San Bernardino
State
California
Latitude
34.134525461459
Longitude
-117.25191492141

FAQs

What type of property is this?
Lifestyle center - San Bernardino Retail Center - $10M
Where is the lifestyle center located?
The property is located at 1617 Highland Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Grocery-anchored shopping center.; Strong national tenant lineup.; High-traffic location at a signalized intersection.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1617 Highland Ave
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