217-221 E State St - Storefront Retail/Office FOR SALE


Redlands, CA 92373- Downtown Redlands
$1,700,000 USD
909-210-3175
217-221 E State St, Redlands, CA for Sale
$1,700,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6.7% Cap Rate

217-221 E State St
Redlands, CA 92373
Downtown Redlands


HIGHLIGHTS

  • High Image Property
  • High Foot Traffic and Excellent Walk Score
  • Redlands downtown area is a premier location
  • Projected cap rate over 7%
  • Excellent demographics

OVERVIEW

FOR SALE – PRIME DOWNTOWN REDLANDS RETAIL ±4,200 SF | Two Vacant Suites | SBA 504 Eligible Investor or Owner-User Opportunity – Asking $1,700,000 Links to the Offering Memorandum and Property Video included on this site. OVERVIEW Rare opportunity to own retail property in the heart of historic Downtown Redlands, surrounded by vibrant local businesses, restaurants, and culture. This ±4,080 SF multi-tenant building includes three suites, two of which (Suite 219 and 221) are currently vacant, offering flexibility for owner-users or value-add investors. Located directly on State Street with a Walk Score of 94, the property benefits from high visibility, consistent foot traffic, and proximity to the University of Redlands, Redlands Bowl, and Market Night. OWNERSHIP SCENARIO – SBA QUALIFIED With over 75% of the building vacant, this offering qualifies for SBA 504 financing with as little as 10% down. Owner-users can occupy the majority of the building and lease out remaining space for rental income. Suite 217 (1,006 SF): Leased with NNN terms Suites 219 (1,000 SF) + 221 (2,100 SF): Vacant – available for immediate use or lease-up SBA 504 Financing Example: Price: $1,700,00000 Down: $170,000 (10%) Loan: $1,529,910 @ ~6.7%, 25 years Monthly P&I: ˜ $10,604 Rental income from Suite 217: $3,096/mo (est.) Net monthly cost to owner: ˜ $7,508/mo (after rent credit) Use the space to house your business while benefiting from rental income, long-term appreciation, and preferential SBA terms. Verify all with a lender, example only, not an offer to lend or finance real estate.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

OWNER USER OR INVESTOR - FOR SALE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CG

APN/PARCEL ID

0171-071-03

ASK ABOUT THIS PROPERTY

Nathan BraggRE/MAX CommercialMore Info
909-210-3175

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Nathan BraggRE/MAX CommercialMore Info
909-210-3175

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