1250 Highland AveSan Bernardino, CA 92404

Property Details for 1250 Highland Ave

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.81 AC

Property size (Sq ft)

4,000 SF

Property type

Retail properties

Property subtype

Other car washes

APN

0150-392-11-0000

APU

150392110000

Description

This exceptional car wash business opportunity in San Bernardino, CA, is situated on a 35,100 sq ft lot (APN: 0150-392-11-0000) at 1250 E Highland Ave, 92404. Currently closed, this property presents a unique chance for a new owner to establish an express, full-service, or flex car wash operation. The location boasts significant advantages, including high visibility due to its proximity to busy I-215 and 210 freeway off-ramps on Highland Avenue. A densely populated area with over 263,000 residents and 98,000 employees within a 5-mile radius ensures a substantial customer base. An express car wash configuration could incorporate approximately a 120-foot tunnel, 23 vacuums, and a two-lane entry. The sale includes the real estate, and seller financing is available. Consult with your advisors and the city to determine the optimal operational model for your investment. This is a turnkey opportunity to capitalize on a prime location and high-demand service. The property is ready for a new operator and new equipment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,371,550

  6.5%

  $1,266,046

  7%

  $1,175,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,574,663

  Geo Method

  $3,206,622

• Alternative Use

  Use

  Valuation

  Residential

  $1,067,957

  Hospitality

  $978,243

  Educational

  $813,887

  Medical

  $841,878

  Retail

  $1,266,046

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.1363

Longitude

-117.26

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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