301 Park StOntario, CA 91762

Property Details for 301 Park St

Year built

1900

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

1,534 SF

Property type

Retail space

APN

1049-274-08-0000

APU

1049274080000

Description

This exceptional 1,700 square foot retail space, located at 301 W Park St, Ontario, CA 91762, presents a unique investment opportunity. Situated on a corner lot, this single-tenant property boasts a prominent street presence and high visibility. Built in 1900, the building is a one-story structure with a CS zoning designation and APN 1049-274-08-0000. The property's location within the Ontario submarket of the Inland Empire offers excellent access to a thriving community. This established location has served as a neighborhood market store for over two decades, demonstrating its enduring appeal and potential for continued success. The property's size and layout are ideal for a variety of retail uses, including a market or liquor store, making it an attractive option for both established businesses and new ventures. The property's history as a successful neighborhood market speaks to the strong local demand and the potential for a seamless transition for a new owner-operator. This is a rare opportunity to acquire a well-established retail space in a desirable location with a proven track record. The property is ready for immediate occupancy, offering a turnkey solution for a discerning buyer. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $430,068

  6.5%

  $396,986

  7%

  $368,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,494

  Geo Method

  $459,949

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $766,287

  Mixed-Use / Specialty

  $398,753

  Hospitality / Lodging

  $296,695

  Office

  $399,698

  Institutional / Educational

  $415,680

  Residential Income

  $486,345

  Multifamily

  $565,656

  Automotive / Energy

  $356,297

  Parking / Income-Based Land

  $119,810

  Restaurant / Food Service

  $214,185

  Healthcare / Senior Housing

  $405,651

Location Insight

City

Ontario

County

San Bernardino

State

California

Latitude

34.0587

Longitude

-117.654

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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