$480,000
$493,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
432 W Highland AVE San Bernardino, CA 92405
7,501 Sqft Lot
Key Details
Sold Price $480,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IG18212616
Sold Date 04/16/19
HOA Y/N No
Year Built 1953
Lot Size 7,501 Sqft
Property Description
Opportunity of A lifetime!!! One building with 2 Units. Each unit is Approximately 2000 sqft. Currently Liberty Tax is renting for $1270.00 per month with 3 years remaining. The second unit is occupied by current owner as a church and is collecting $1270.00 in rents. Keep it as a church and benefit with current parishioners. Lease to new business and collect additional rents. Another option would be to occupy second unit with your own business. Many opportunities, such as the large billboard on top of building owned by Clear Channel. The billboard is a 20 year agreement with 13 years remaining. The current rents being collected for billboard is $625.00 per month. This amount will increase in the year 2021 by $1000 for the year. Every 5 years thereafter rents will increase by $1000.00 for the year and repeat the cycle every 5 years. This is A GoldMine, the billboard is approx. 14' h x 48' w in size. Second unit was renovated to meet city guidelines. New bathrooms to accommodate handicapped regulations and handicap elevator. You must see for yourself to appreciate the renovations. Address for both units is 432-434 W Highland Avenue.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Water Connected
Building
Lot Description 2-5 Units/Acre, Paved, Street Level
Story 1
Water Public
Others
Tax ID 0149221150000
Special Listing Condition Standard
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Bought with KAZI AHMED • SAVE-ON REALTY SERVICES