342 Mount Vernon AveSan Bernardino, CA 92410

Property Details for 342 Mount Vernon Ave

Year built

1912

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

1,531 SF

Property type

Retail properties

Property subtype

Strip malls

APN

0137-122-06-0000

APU

137122060000

Description

This exceptional commercial property in San Bernardino, CA, presents a rare opportunity to acquire a thriving, established flower shop with over 50 years of success. Located on a highly visible corner lot at 342 S Mount Vernon Avenue, the 1,531 square foot building boasts large glass windows, creating an inviting atmosphere. The open floor plan features ample display areas for floral arrangements and gifts, complemented by a display freezer for maintaining freshness. A dedicated bridal suite is ideal for consultations and fittings, while a spacious work area with an additional large freezer caters to large orders and events. The property includes five parking spaces (four regular and one handicap-accessible), with convenient access to ample on-street parking. The property's central location and long-standing reputation within the community ensure continued success. The asking price is $659,999. Easy access is provided via CA-210 West, I-215 S, and Exit 43 onto 3rd Street. The property is situated on the corner of Birch Street and Mount Vernon Avenue, in zip code 92410. This is a turnkey operation ready for a new owner to continue its legacy of success.

• CAP approach

  CAP return

  Valuation

  6%

  $524,961

  6.5%

  $484,579

  7%

  $449,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,702

  Geo Method

  $1,357,942

• Alternative Use

  Use

  Valuation

  Residential

  $408,761

  Hospitality

  $374,423

  Educational

  $311,515

  Medical

  $322,229

  Retail

  $484,579

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.0954

Longitude

-117.314

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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