291 Highland AveSan Bernardino, CA 92404

Property Details for 291 Highland Ave

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

1,728 SF

Property type

Retail properties

Property subtype

Retail space

APN

0146-032-12-0000

APU

146032120000

Description

This exceptional investment opportunity presents three buildings totaling 5,494 square feet situated on a 0.76-acre lot in San Bernardino, CA. The property boasts a 100% occupancy rate, generating a strong return on investment. Strategically located at the signalized intersection of Highland Avenue and Waterman Avenue, this high-traffic area sees over 50,000 vehicles daily. The property benefits from its proximity to Dignity Health St. Bernardine Medical Center, a major 342-bed hospital, and the 210 Freeway (154,000 cars daily). This prime location is surrounded by a dense retail corridor, including well-known national and regional tenants such as Stater Bros Markets, Wells Fargo Bank, Walgreens, CVS Pharmacy, dd's Discounts, Chase Bank, Bank of America, and Cardenas Market. The strong demographics, with over 305,000 people within a 5-mile radius, further solidify the investment potential. The property consists of three buildings on three separate parcels, identified by APN numbers 0146-032-12, 13 & 14-0000. The asking price is $3,600,000, representing a price per square foot of $655.26. This is a core investment opportunity with significant upside potential in a thriving retail market. The property is classified as retail and mixed-use, with a storefront subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $592,510

  6.5%

  $546,932

  7%

  $507,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $680,254

  Geo Method

  $1,385,451

• Alternative Use

  Use

  Valuation

  Residential

  $461,358

  Hospitality

  $422,601

  Educational

  $351,599

  Medical

  $363,691

  Retail

  $546,932

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.1355

Longitude

-117.279

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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