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.