860 Waterman AveSan Bernardino, CA 92408

Property Details for 860 Waterman Ave

Year built

1929

Construction

WOOD FRAME

Lot size

0.87 AC

Property size (Sq ft)

984 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0136-412-21-0000

APU

136412210000

Description

This exceptional commercial land offering presents a unique investment opportunity in a rapidly developing area of San Bernardino, California. The property boasts a substantial 87,120 square foot lot, strategically located at 860 S Waterman Ave, 92408, with prime frontage on both Waterman and Central Avenues. The asking price is $4,500,000. The site includes four parcels, totaling approximately two acres, and offers exceptional access to major transportation arteries, including the 215 and 10 freeways, as well as rail and airport access. The existing improvements on the property consist of two residential structures totaling 984 square feet. This presents a versatile opportunity for redevelopment or repurposing, catering to a wide range of commercial ventures. Given its size, location, and accessibility, this property is ideally suited for a variety of commercial uses, making it an attractive investment for both developers and owner-operators seeking a foothold in a thriving market. The property's location in one of San Bernardino's fastest-growing areas ensures strong potential for future appreciation and return on investment. This is a rare opportunity to acquire a significant land parcel in a prime location with excellent infrastructure and connectivity.

• CAP approach

  CAP return

  Valuation

  6%

  $229,525

  6.5%

  $211,869

  7%

  $196,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,717

  Geo Method

  $346,338

• Alternative Use

  Use

  Valuation

  Residential

  $262,718

  Hospitality

  $240,648

  Educational

  $200,216

  Medical

  $207,102

  Retail

  $311,447

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.0853

Longitude

-117.279

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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