24630-24688 Redlands Blvd - Storefront CONDO FOR SALE


Loma Linda, CA 92354
$399,000 USD
909-210-3175
24630-24688 Redlands Blvd, Loma Linda, CA for Sale
$399,000 USD
Storefront CONDO - FOR SALE
1/19
null | Request Cap Rate

24630-24688 Redlands Blvd
Loma Linda, CA 92354


HIGHLIGHTS

  • DIRECT 1-10 EXPOSURE OVER 200,000 VEHICLES PER DAY
  • HIGH TRAFFIC COUNT ON REDLANDS BLD +/- 25,000 VEHICLES PER DAY
  • RECEPTION, PRIVATE OFFICES, WAREHOUSE
  • 2 BATH ROOMS WITH SHOWER
  • GRADE-LEVEL ROLL-UP DOOR ACCESS
  • NEAR COSTCO, SAM’S CLUB, HOME DEPOT, LOWE’S, TARGET & WALMART

OVERVIEW

Excellent owner-user or investment opportunity featuring retail showroom and flex commercial space within the highly desirable Hospitality Lane / I-10 corridor in the Inland Empire. The property offers a functional layout including showroom/reception area, private offices, flex warehouse/storage area, grade-level roll-up door access, and two restrooms including shower facilities. Strategically positioned near Interstate 10 with immediate proximity to major national retailers, restaurants, hotels, and regional shopping destinations including Costco, Sam’s Club, Home Depot, Lowe’s, Walmart, Target, and numerous hospitality brands. The location benefits from strong regional traffic patterns, excellent freeway accessibility, and outstanding business visibility within one of the area’s most established commercial corridors. Ideal for showroom, service commercial, contractor, design, e-commerce, studio, office-flex, retail support, or owner-user operations seeking a professional commercial environment with convenient regional access throughout Southern California. Seller carry financing may be available. Buyer to verify all information and permitted uses. Traffic Counts (Adjusted +10% from 2017 corridor data): * Interstate 10 Freeway: ±214,000 vehicles per day * Redlands Boulevard: ±28,600 vehicles per day * Redlands Blvd & Tippecanoe Ave: ±86,000+ combined vehicles per day * Redlands Blvd & Alabama Street: ±70,000+ combined vehicles per day Based on market rents for comparable small office/flex space in the area, the property could support an estimated lease rate of approximately $1.40 to $1.45 per square foot NNN, resulting in annual rental income of approximately $22,982 to $23,803. At the current asking price of $435,000, this equates to an estimated pro forma cap rate of 5.3% to 5.5%. Disclaimer: Information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer and Buyer’s advisors should independently verify all information, including square footage, zoning, permitted uses, condition, and financial considerations. Property is offered subject to prior sale, lease, withdrawal from market, or change in price without notice. Broker makes no representations or warranties, expressed or implied, as to the accuracy of the information provided.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

RARE - RETAIL CONDO WITH WAREHOUSE 1,368 SF

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

19,152 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C-2

APN/PARCEL ID

0281-331-19

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 Notice.