12036 Bartlett Ave - Office/Residential FOR SALE


Adelanto, CA 92301
$474,990 USD
760-887-7779
12036 Bartlett Ave, Adelanto, CA for Sale
$474,990 USD
Office/Residential - FOR SALE
1/65
null | 10.48% Cap Rate

12036 Bartlett Ave
Adelanto, CA 92301


HIGHLIGHTS

  • 7 Commercial and 2 Residential Units Generating Income
  • Large 1+ Acre Lot
  • Lucrative Cap Rate

OVERVIEW

***Come VIEW and MAKE an OFFER TODAY! Amazing COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. Positioned in the heart of Adelanto's Business Park District, the over 1-ACRE lot has plenty of space for parking or storage. Only a block from Hwy 395 and close to Interstate-15 the site offers excellent access to all of Southern CA. Plus, with Adelanto rapidly becoming a logistics/distribution hub, recent expansion has brought the SoCal Logistics Airport, Amazon fulfillment center, and Keurig/Dr. Pepper/Snapple manufacturing plant right next door. In addition, the site was part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions was invested on massive improvements to infrastructure, as the city prepares for FUTURE GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing even more cash flow. Recently, electrical/plumbing/window upgrades were made in the commercial building, and new split-unit AC's along with tank-less water heaters have been installed for efficiency. Also, the residential units have recent upgrades. Currently, the property is generating over $62,000 in GROSS INCOME, with the pro-forma potential of producing upwards of $70,000 per year. An ideal property for any real estate investor in the market for LUCRATIVE CAP RATES, or an entrepreneur that needs more space to grow. A definite must see OPPORTUNITY before it's too late.***

FOR SALE DETAILS

PRICE

$474,990 USD

PRICE/SF

$128 USD /SF

CAP RATE

10.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Auto Dealership, Loft/Creative Space, Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial

APN/PARCEL ID

0459-164-11

ASK ABOUT THIS PROPERTY

Jeffrey NyalColdwell Banker Commercial Real Estate SolutionsMore Info
760-887-7779

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Jeffrey NyalColdwell Banker Commercial Real Estate SolutionsMore Info
760-887-7779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.