432 Highland AveSan Bernardino, CA 92405
- Retail space
- 4,000 SF
Property Details for 432 Highland Ave
- Year built
- 1953
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 4,000 SF
- Property type
- Retail space
- APN
- 0149-221-15-0000
- APU
- 149221150000
Description
This exceptional Class A retail property, located at 432-434 W Highland Ave, San Bernardino, CA 92405, presents a unique investment opportunity. The entire 4,200 square foot building is currently vacant and available for lease. The property sits on a 7,500 square foot lot and is zoned Commercial General (CG-1), offering significant flexibility for a variety of retail uses. The single-story building features two divisible spaces, with a minimum leasable area of 2,100 square feet and a maximum contiguous space of 4,200 square feet. Each space is a shell space, providing a blank canvas for tenant build-out and customization. Conveniently located near the cross street of D St, the property offers private parking in the rear, enhancing customer and employee accessibility. The asking lease rate is $0.85 per square foot, making this an affordable option for small businesses or first-time entrepreneurs. The property's APN is 0149-221-15-0000. This prime location in San Bernardino offers excellent visibility and accessibility, making it an ideal space for a thriving retail business. No elevators are present in this single-story building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
- $3,206,735
-
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
- -117.293
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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