15369 7Th StVictorville, CA 92395

Property Details for 15369 7Th St

Year built

1960

Construction

TILT-UP CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

3,096 SF

Property type

Retail space

APN

0478-134-34-0000

APU

478134340000

Description

This exceptional commercial property, located at 15369 7th Street in Victorville, CA, presents a significant investment opportunity. The property encompasses a generous 0.38-acre lot and features two buildings totaling approximately 3,096 square feet. The main building offers approximately 3,000 square feet of space, boasting 10-foot ceilings, and convenient access via an 11' x 9' roll-away door and a 12' x 8' roll-up door. Two bathrooms are included within this main building. The second building adds approximately 1,050 square feet of usable space, featuring 14-foot ceilings and a 10' x 10.5' roll-away door. The property benefits from a high-visibility location on busy 7th Street, providing excellent exposure for any business. Dual access points from 7th Street and Center Street enhance convenience and accessibility. Ample parking is available on-site. The property's versatility allows for a multitude of uses, making it ideal for owner-occupied businesses or as a multi-tenant investment property. Potential buyers are advised to verify allowable uses with the City of Victorville. The asking price is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,580

  6.5%

  $979,920

  7%

  $909,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,218,789

  Geo Method

  $1,483,613

• Alternative Use

  Use

  Valuation

  Residential

  $826,599

  Hospitality

  $757,160

  Educational

  $629,948

  Medical

  $651,613

  Retail

  $979,920

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.5311

Longitude

-117.298

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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