15483 7Th StVictorville, CA 92395

Property Details for 15483 7Th St

Property type

Retail properties

Property subtype

Banks

APN

0478-105-17-1001

APU

478105171001

Description

This exceptional 10,000-square-foot, two-story commercial building presents a compelling investment opportunity in Victorville, California. Situated on a 7,100-square-foot lot (APN 0478-105-17), this flex space property is located at 15483 Seventh St, 92395, within the Old Town Specific Plan's Mixed-Use Retail District. The building's zoning allows for a blend of commercial and residential uses, with retail required on the ground floor facing 7th and D Streets. Office and/or residential uses are permitted above or behind the ground floor, fostering a mixed-use development. Currently, the building generates $30,000 in annual gross income from three ground-floor and one second-floor tenants, all on month-to-month leases. The second floor offers significant upside potential, with the possibility of conversion into four individual residential units. The property's location within the Old Town Specific Plan encourages specialty retail uses that complement the area's historic Route 66 heritage. The asking price is $650,000, representing a price per square foot of $65. This property offers a unique blend of existing income and substantial future development potential, making it an attractive addition to any investment portfolio. The property is zoned for mixed-use development, allowing for a variety of uses to maximize income potential.

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.5335

Longitude

-117.296

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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