1944 Alder AveRialto, CA 92376

Property Details for 1944 Alder Ave

Construction

WOOD FRAME

Lot size

2.57 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0240-191-35-0000

APU

240191350000

Description

This exceptional 5-acre development site presents a unique investment opportunity in Rialto, CA. Strategically located on the southwest corner of the 210 Freeway and Alder Avenue, this property boasts unparalleled visibility and accessibility. The site is ideally suited for a mixed-use development, encompassing a quick-service restaurant (QSR) and a sit-down restaurant, complemented by a 100-room hotel. The proposed QSR building is planned for approximately 1,850 square feet, while the sit-down restaurant is envisioned at 4,500 square feet. This location benefits from its position within a thriving logistics hub, surrounded by numerous national employers within a short 5-minute drive. The high-density area ensures a substantial customer base, with over 369,956 people residing within a 10-minute radius. The daytime population within the same proximity further enhances the site's appeal, reaching 287,784 individuals. This prime location offers significant potential for high returns, making it an attractive proposition for investors seeking exposure to a dynamic and rapidly growing market. The property is zoned for retail, fast food, restaurant, QSR, and hotel uses, providing flexibility for a variety of development options. This is a rare opportunity to acquire a premier development site in a high-demand area with excellent freeway access. The property is situated in San Bernardino County.

• CAP approach

  CAP return

  Valuation

  6%

  $38,385,916

  6.5%

  $35,433,152

  7%

  $32,902,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,070,484

  Geo Method

  $81,031,824

• Alternative Use

  Use

  Valuation

  Residential

  $29,889,190

  Hospitality

  $27,378,338

  Educational

  $22,778,456

  Medical

  $23,561,842

  Retail

  $35,433,152

Location Insight

City

Rialto

County

San Bernardino

State

California

Latitude

34.1351

Longitude

-117.419

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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