298 Pershing AveSan Bernardino, CA 92408

Property Details for 298 Pershing Ave

Year built

1987

Construction

WOOD FRAME

Lot size

0.46 AC

Property size (Sq ft)

4,031 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

0136-201-77-0000

APU

136201770000

Description

This exceptional investment opportunity presents a vacant, 7,552-square-foot flex space property in San Bernardino, CA. Located at 298 S Pershing Ave, 92408, this Class C industrial building boasts two single-story structures built in 1990 and renovated in 2023. The property features six versatile units, each with a price point of $208,333.33, totaling an asking price of $1,250,000. With a net rentable area of 7,552 square feet, the price per square foot is $165.52. The building offers five dock-high doors and a 12-foot ceiling height, ideal for various business uses. Currently vacant, this property presents a unique opportunity for owner-users or investors seeking a high-return investment. The flexible zoning allows for a wide range of commercial applications. Given current market rates, the potential annual rental income, when fully leased, could reach $113,310. The property's location in a bustling business center ensures high visibility and accessibility. This is a private owner sale. The property is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,165,920

  6.5%

  $1,076,234

  7%

  $999,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $976,049

  Geo Method

  $2,199,126

• Alternative Use

  Use

  Valuation

  Residential

  $1,076,234

  Hospitality

  $985,825

  Educational

  $820,194

  Medical

  $848,402

  Retail

  $1,275,858

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.0962

Longitude

-117.289

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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