31559 Us Highway 74Homeland, CA 92548
- Retail properties
- 620 SF
Property Details for 31559 Us Highway 74
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.18 AC
- Property size (Sq ft)
- 620 SF
- Zone code
- CPS
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 459-161-017
- APU
- 459161017
Description
This 620-square-foot retail property, situated at 31559 US Highway 74 in Homeland, California, presents a compelling investment opportunity. The property sits on a 0.18-acre lot and is being offered at $359,900. It's important to note that the property is being sold "AS IS," meaning the seller will not undertake any repairs or modifications prior to the sale. This presents a unique chance for a buyer to acquire a commercial space at a competitive price and customize it to their specific needs and vision. The property requires some work, making it ideal for an investor or business owner willing to invest in renovations and improvements. Given its location on US Highway 74, the property benefits from high visibility and potential for significant foot traffic, making it a suitable location for a variety of retail businesses. The asking price reflects the need for renovations, offering a potentially lucrative return on investment for the right buyer. Serious inquiries are encouraged to act quickly, as this property is expected to sell rapidly. The property's address is 31559 US Highway 74, Homeland, CA. Further details are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $250,490
- 6.5%
- $231,221
- 7%
- $214,705
-
Comparable approach
- Method
- Valuation
- Relative Method
- $274,080
- Geo Method
- $549,918
-
Alternative Use
- Use
- Valuation
- Residential
- $195,044
- Hospitality
- $178,659
- Educational
- $148,642
- Medical
- $153,754
- Retail
- $231,221
Location Insight
- City
- Homeland
- County
- Riverside
- State
- California
- Latitude
- 33.7431
- Longitude
- -117.11
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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