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Cope Building | Redlands, CA 19 E Citrus Ave

21,151 SF 100% Leased Retail Building Redlands, CA 92373 £4,079,130 (£193/SF) 7.50% Net Initial Yield

Investment Highlights

  • Prime Retail Investment Opportunity in the Heart of Downtown Redlands; 21,151 Square-Feet; Historic Cope Building (Retail and Office)
  • Located in the Heart of Historic Downtown Redlands; a Destination Shopping Location Filled with Boutique Shops & Gourmet Restaurants
  • 1-Mile from the University of Redlands, a Private Liberal Arts University (3,400+ Students)
  • Stable Existing Tenancy: 53% of the occupied square footage has been operating at the property for 8+ years
  • Incredible Location on Walk-Friendly Citrus Avenue That Backs Up to Orange Street Alley (“Umbrella Alley”), a Popular Year-Round Attraction
  • Dense, Affluent, Demographics: Over 144,000 ppl with average household incomes in excess of $115,000 within a 5-mile radius of the subject property

Executive Summary

Irreplaceable Historic Southern California Opportunity | Internet-Resistant Tenant Mix | Dynamic Downtown Redlands Location

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,151 SF
Building Class
B
Year Built/Renovated
1903/1988
Price
£4,079,130
Price Per SF
£193
Net Initial Yield
7.50%
NOI
£305,934
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.21
Land Acres
0.22 AC
Zoning
C3, Redlands - General Commercial - Retail, Office, Mixed Use, Restuarant.
Parking
15 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
84 ft on Citrus

Amenities

  • 24 Hour Access
  • Air Conditioning

Links

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19 E Citrus Ave, Redlands, CA - aerial map view - Image1
19 E Citrus Ave, Redlands, CA - aerial map view - Image2
19 E Citrus Ave, Redlands, CA - aerial map view - Image3
Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Citi
Wells Fargo Home Mortgage
Banc of California
Bank of America
Denny's
U.S. Bank
Sizzler
LemonShark Poke
Corner Bakery Cafe
Starbucks

PROPERTY TAXES

Parcel Number 0171-121-03 Improvements Assessment £2,229,797
Land Assessment £305,142 Total Assessment £2,534,939

PROPERTY TAXES

Parcel Number
0171-121-03
Land Assessment
£305,142
Improvements Assessment
£2,229,797
Total Assessment
£2,534,939
  • Bill Asher
    Bill Asher
  • Jeff Lefko
    Jeff Lefko
  • Geoffrey DeWolf
    Geoffrey DeWolf
  • Steve Economos
    Steve Economos
(844) 585-7684

  • Listing ID: 32879663

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 19 E Citrus Ave, Redlands, CA 92373

The Retail Property at 19 E Citrus Ave, Redlands, CA 92373 is currently available For Sale. Contact Hanley Investment Group for more information.

Nearby Listings

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19 E Citrus Ave, Redlands, CA for sale Building Photo- Image 1 of 5
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© 2024 CoStar Group

Cope Building | Redlands, CA | 19 E Citrus Ave
(844) 585-7684 x

Cope Building | Redlands, CA | 19 E Citrus Ave

1/4

Bill Asher

(844) 585-7684

(844) 585-7684

Jeff Lefko

(844) 585-7682

(844) 585-7682

Geoffrey DeWolf

(949) 576-2751

(949) 576-2751

Steve Economos

(949) 466-4882

(949) 466-4882

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