19 Citrus AveRedlands, CA 92373

Property Details for 19 Citrus Ave

Year built

1903

Lot size

0.22 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional multi-tenant retail property, the historic Cope Building, offers 21,151 square feet of net rentable space in the heart of downtown Redlands, CA. Boasting a desirable mix of e-commerce resistant tenants—including QSR/fast food, restaurants, and service businesses—this investment opportunity presents a strong, stable income stream. 53% of the occupied space has been operational for over eight years, contributing to a substantial net operating income (NOI) of $387,749 and a 7.50% cap rate. The building, constructed in 1903, sits on a 0.22-acre lot on Citrus Avenue, a highly walkable area with a Walkscore of 90, placing it in a thriving dining and nightlife district adjacent to the popular "Umbrella Alley." Its prime location benefits from excellent accessibility, with proximity to the 10 and 210 freeways and a short walk from the Metrolink station, providing convenient access to Los Angeles and San Bernardino. Furthermore, its location near the University of Redlands serves a dense, affluent demographic with average household incomes exceeding $115,000 within a 5-mile radius. This is an irreplaceable opportunity to acquire a historically significant, high-performing retail asset in a vibrant and growing market. The asking price is $5,170,000.

Location Insight

City

Redlands

County

San Bernardino

State

California

Latitude

34.0558

Longitude

-117.182

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