1481 La Cadena DrColton, CA 92324

Property Details for 1481 La Cadena Dr

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.38 AC

Property size (Sq ft)

21,409 SF

Property type

Retail space

APN

0160-253-32-0000

APU

160253320000

Description

This exceptional retail property, formerly a 99 Cents Store, presents a significant opportunity for investors and businesses alike. Located at 1481 N La Cadena Dr, Colton, CA 92324, this single-tenant building boasts a substantial 21,436 square feet of vacant space, ready for immediate occupancy. Situated on a generous 1.38-acre lot, the property offers ample room for expansion, redevelopment, or outdoor amenities. The strategic location at the intersection of Grant Ave and Mt Vernon Ave ensures high visibility and accessibility, making it ideal for a variety of retail uses. The property's zoning allows for grocery, storefront, or gym uses, among other possibilities. The property's address is 1481 N La Cadena Dr, Colton, CA 92324, and it is situated within the San Bernardino submarket of San Bernardino County. The Assessor's Parcel Number (APN) is 0160-253-32-0000. This is a rare opportunity to acquire a large, well-located retail space in a growing area. The expansive footprint and prime location offer unparalleled potential for a variety of businesses seeking to establish a strong presence in the Colton market. Don't miss this chance to secure a valuable asset in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,594,410

  6.5%

  $5,164,070

  7%

  $4,795,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,478,220

  Geo Method

  $7,836,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,937,700

  Mixed-Use / Specialty

  $5,199,300

  Hospitality / Lodging

  $3,884,390

  Office

  $5,224,280

  Institutional / Educational

  $5,424,340

  Residential Income

  $6,346,480

  Multifamily

  $7,314,270

  Automotive / Energy

  $4,649,440

  Parking / Income-Based Land

  $1,551,470

  Restaurant / Food Service

  $2,818,670

  Healthcare / Senior Housing

  $5,276,780

Location Insight

City

Colton

County

San Bernardino

State

California

Latitude

34.0845

Longitude

-117.315

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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