504 Broadway StNeedles, CA 92363

Property Details for 504 Broadway St

Year built

2003

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

1,421 SF

Property type

Retail properties

Property subtype

Auto shops

APN

0186-113-14-0000

APU

186113140000

Description

This exceptional industrial property, situated in the heart of Needles, CA, presents a unique investment opportunity. Located at 504 W Broadway Street, this 1,421 square foot building sits on a desirable half-acre corner lot, offering significant potential for a variety of commercial uses. Previously utilized as a gas and service station, the underground fuel tanks have been removed, eliminating environmental concerns and opening the door for diverse business ventures. Recent improvements include a completely upgraded electrical panel and fresh interior and exterior paint, reducing immediate capital expenditure needs for the new owner. The property's central downtown location provides excellent visibility and accessibility, capitalizing on Needles' burgeoning growth. This is a ground-floor opportunity to establish a thriving business in a rapidly developing California city. The building's spacious layout and ample land provide flexibility for expansion or adaptation to suit specific business needs. Its strategic location ensures high traffic volume and easy access for customers and employees. Don't miss this chance to acquire a well-maintained, ready-to-occupy industrial property in a prime location. The asking price is $295,000. A drive-by is encouraged to appreciate the property's potential.

• CAP approach

  CAP return

  Valuation

  6%

  $559,694

  6.5%

  $516,641

  7%

  $479,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $717,437

  Geo Method

  $717,437

• Alternative Use

  Use

  Valuation

  Residential

  $435,806

  Hospitality

  $399,196

  Educational

  $332,126

  Medical

  $343,549

  Retail

  $516,641

Location Insight

City

Needles

County

San Bernardino

State

California

Latitude

34.8376

Longitude

-114.602

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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