249 Veile AveBeaumont, CA 92223

Property Details for 249 Veile Ave

Year built

1966

Construction

WOOD

Lot size

5.84 AC

Property size (Sq ft)

1,433 SF

Zone code

RA

Property type

Industrial properties

Property subtype

Other warehouses

APN

417-130-017

APU

417130017

Description

This exceptional 5.84-acre commercial property located at 249 VEILE Avenue, Beaumont, CA, presents a significant investment opportunity. Currently zoned for retail use and subdivided into three leased units—two tow/wrecking yards and one recycling center—this property offers substantial potential for redevelopment. Its prime location provides excellent access to major transportation arteries, including the I-10 and I-60 highway corridors, and proximity to rail lines ensures efficient logistics. The existing tenants generate immediate income, while the substantial acreage and strategic location make it ideally suited for conversion into a modern industrial, commercial storage, or distribution facility, mirroring the successful neighboring developments. The property boasts convenient street access, enhancing its operational efficiency. A buyer should conduct thorough due diligence to assess the property's suitability for their intended use and to understand all associated costs and responsibilities. The asking price for this remarkable property is $13,991,450. This represents a rare chance to acquire a large parcel in a high-growth area with significant upside potential. The current configuration provides a steady income stream while the land's potential for redevelopment offers long-term value appreciation.

• Alternative Use

  Use

  Valuation

  Residential

  $450,803

  Hospitality

  $412,933

  Educational

  $343,555

  Medical

  $355,371

  Retail

  $534,419

Location Insight

City

Beaumont

County

Riverside

State

California

Latitude

33.9241

Longitude

-116.989

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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