819 Orange StRedlands, CA 92374

Property Details for 819 Orange St

Year built

1926

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

3,072 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0169-066-09-0000

APU

169066090000

Description

This exceptional 3,065 square foot retail property, located at 819 Orange Street in Redlands, California, presents a unique investment opportunity. Situated on a 0.23-acre lot, this property boasts a recently completed light interior and exterior remodel, enhancing its appeal and potential. Established in 1960, the property is eligible for historic designation, adding to its character and potential tax benefits. The property comprises two units, both of which have a proven track record of successful tenant occupancy. Shared parking is available, providing up to 16 additional spaces for customers and employees. Its strategic location near the intersection of Orange Street and Colton Avenue ensures high visibility and accessibility. The property benefits from convenient access to Interstate 10 freeway on and off ramps, facilitating easy commutes for both employees and customers. The surrounding area is characterized by a mix of established businesses, including prominent names such as Stater Bros., Domino's Pizza, Chevron Gas, Salvation Army, and Liberty Tax, creating a vibrant and thriving commercial environment. This property's prime location, coupled with its recent renovations and strong tenant history, makes it an ideal investment for discerning buyers seeking a high-return retail property in a desirable location. The asking price is $745,000. The property's proximity to Downtown Redlands and the Train Station further enhances its appeal and potential for attracting a diverse clientele.

• CAP approach

  CAP return

  Valuation

  6%

  $1,053,350

  6.5%

  $972,324

  7%

  $902,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,341

  Geo Method

  $2,724,755

• Alternative Use

  Use

  Valuation

  Residential

  $820,191

  Hospitality

  $751,291

  Educational

  $625,065

  Medical

  $646,562

  Retail

  $972,324

Location Insight

City

Redlands

County

San Bernardino

State

California

Latitude

34.0635

Longitude

-117.183

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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