For Sale
$10,000,000

1617 Highland AveSan Bernardino, CA 92404

San Bernardino Retail Center - $10M

Overview

Added:
Dec 11, 2024
Days on market:
113
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
1617 Highland Ave, San Bernardino, California

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1617 Highland Ave
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