2461 Main StBarstow, CA 92311

Property Details for 2461 Main St

Year built

1948

Lot size

1.04 AC

Property size (Sq ft)

2,365 SF

Property type

Bars

Property subtype

Pubs

APN

0427-431-11-0000

APU

427431110000

Description

This unique investment property at 2461 Main Street, Barstow, CA, presents a compelling opportunity for a savvy investor. The offering encompasses a 2,500 square foot freestanding retail building situated on a 1.04-acre lot. The retail space, previously used as a bar, requires renovation and presents significant upside potential for a variety of commercial uses. Attached to the main retail structure are five residential units, each needing updating. Four of these units are one-bedroom, one-bathroom apartments, and one is a single unit. The entire complex sits on approximately 45,302 square feet of land. The property's zoning is currently designated as Commercial and Industrial, according to public records. Adding to the potential, an adjacent 1,380 square foot single-family home is available for purchase as a separate transaction, offering further expansion or rental income possibilities. This combined property presents a rare chance to acquire a substantial mixed-use asset in a growing California market. The current asking price for the retail building and attached residential units is $495,000. The adjacent single-family home is available for separate negotiation. This is an exceptional opportunity for an investor seeking a value-add project with significant potential for return. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $865,214

  6.5%

  $798,659

  7%

  $741,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $976,306

  Geo Method

  $1,133,316

• Alternative Use

  Use

  Valuation

  Residential

  $673,699

  Hospitality

  $617,105

  Educational

  $513,424

  Medical

  $531,081

  Retail

  $798,659

Location Insight

City

Barstow

County

San Bernardino

State

California

Latitude

34.8892

Longitude

-117.069

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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