502 W 6th St - Freestanding FOR SALE


Beaumont, CA 92223- Downtown Beaumont
$1,100,000 USD
909-730-0329
502 W 6th St, Beaumont, CA for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/37
null | 8.85% Cap Rate

502 W 6th St
Beaumont, CA 92223
Downtown Beaumont


HIGHLIGHTS

  • Prime corner location with direct I-10 freeway access
  • High visibility with strong daily traffic counts
  • Located in a growing corridor between Riverside and Palm Springs
  • Ideal for tire retail, fueling, and service operations

OVERVIEW

For Sale: Red Barn Antique Mall – Beaumont, CA Address: 502 West 6th Street, Beaumont, CA 92223 Price: $1,100,000 (Includes property, business, (Ghost Town” area) Seller Financing Available: Seller will carry note at one point under prime for commercial loans, interest with $500,000 down. Optional Add-On: Two additional parcels available for $100,000. Billboards are negotiable ? Business Overview The Red Barn Antique Mall is a well-established and profitable retail landmark in Beaumont, with a rich history dating back to the 1940s. Originally a fresh fruit stand, the property evolved over the decades—becoming a horse stable in the 1950s, then an antique store in the 1960s. It has continuously operated as an antique destination under various names ever since. ? Property Highlights • Main Building: 7,797 sq. ft. • Lot Size: Approx. 167’ x 127’ (Parcel 47043007-6) • Ghost Town Area: 5,600 sq. ft. with 16 themed building facades • Parking: Front parking (recently redone), fenced/gated east-side lot • Restroom: 12’ x 6’ with shower • Connected to city water & sewer ? Business Features • Name Rights: “Red Barn Antique Mall” registered for next 5 years (renewed March 2015) • 100+ dealers contracts . • 19 consignors (35% commission, no rent) • 88 USPS-approved mailboxes with transferable qualification • Advertising: 10 consecutive years in Beaumont–Banning Magazine of Values • Online Presence: Facebook & Instagram accounts included • Security: 9 cameras, Jadtex Alarm Co. system, panic button direct to police/fire • Audio: Surround sound system throughout • Sales Management: Trovenet Mall Manager system for dealer sales • Fixtures Included: 9 glass display cases, store décor, some retail inventory, printed signage. City of Beaumont is business owner, friendly, and currently offering grants! ? Income Sources • Rent from Ghost Town event space • Consignment sales (35% commission) • 100+ dealers paying rent. Over $16,000 mo income • Mailbox rental income • 12% fee on all sales plus 4% credit card processing charge to vendors ? Financials Property Tax: $8,969.08/year Insurance: $4,570.62/year (+$750/year extra coverage for $200,000 in personal property) Annual Sales & Profit: • 2020: $224,426 sales | $24,581 net profit (COVID closure for 3 months) • 2021: $326,642 sales | $92,009 net profit • 2022: $294,789 sales | $85,516 net profit • 2023: $298,836 sales | $79,550 net profit • 2024: $321,698 sales | $97,401 net profit Expenses (2024): • Utilities: $12,933 • Subcontractors: $28,573 • Vendor Payments: $113,233 ? Optional Additional Land Two empty parcels located behind the property available for $100,000. ? Asking Price $1,100,000. (includes business, building, Ghost Town, fixtures, and goodwill) billboards are negotiable. Financing: Seller will carry at one point under prime for commercial loans interest with $500,000 down payment. Thank you for looking at this listing. Pray and think positive Have a blessed and awesome day Ryan Botiller full-time realtor Dynasty real estate 909-730-0329

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

CROSS STREETS

Elm Ave.

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

M1

APN/PARCEL ID

417-043-007

ASK ABOUT THIS PROPERTY

Ryan BotillerDynasty Real EstateMore Info
909-730-0329

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Ryan BotillerDynasty Real EstateMore Info
909-730-0329

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