1904 Rancho AveColton, CA 92324

Property Details for 1904 Rancho Ave

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.62 AC

Property size (Sq ft)

29,120 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0160-031-37-0000

APU

160031370000

Description

This exceptional vacant shopping center presents a unique investment opportunity in the thriving city of Colton, California. Boasting a substantial 72,920 square feet of retail space, this property sits on a generous 9.04-acre lot and is ideally situated at 1904 N Rancho Ave, 92324. The property is zoned C-2 (General Commercial), offering considerable flexibility for a wide range of retail uses. Its strategic location benefits from strong demographics, including a 2023 population of 361,429 within a 5-mile radius and an average household income of $81,999 within 1 mile. The property's prominent location within San Bernardino County (population 2,225,000) and its proximity to the expansive Los Angeles MSA (population 12,534,000) ensures significant potential for high foot traffic and customer reach. The property's Assessed Parcel Numbers (APNs) are 0160-031-36-0000, 0160-031-37-0000, 0160-031-38-0000, 0160-031-39-0000, 0160-031-40-0000, and 0160-031-41-0000. This is a rare chance to acquire a large-scale retail property in a high-growth area with exceptional potential for significant returns. The property is currently vacant, providing a blank canvas for a new owner to create a thriving retail destination.

• CAP approach

  CAP return

  Valuation

  6%

  $9,984,885

  6.5%

  $9,216,817

  7%

  $8,558,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,463,545

  Geo Method

  $25,828,404

• Alternative Use

  Use

  Valuation

  Residential

  $7,774,730

  Hospitality

  $7,121,610

  Educational

  $5,925,096

  Medical

  $6,128,870

  Retail

  $9,216,817

Location Insight

City

Colton

County

San Bernardino

State

California

Latitude

34.0905

Longitude

-117.333

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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