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291 E 5th St

1,885 SF Retail Building San Bernardino, CA 92410 £1,019,733 (£541/SF) 5.54% Net Initial Yield

Investment Highlights

  • Heavy day time foot and car traffic
  • Close to complimentary services
  • Lots of working space

Executive Summary

Here is your opportunity to own a commercial property located in one of the busiest intersections in the city of San Bernardino. The property is located at the southwest corner of Waterman Ave and 5th Street. This property is zoned commercial for Auto repair (muffler shop, smog, auto parts, etc and related/garage. It sits on a 13,000 sq ft lot. The property was completely renovated about a year ago. The property is currently being leased as an Auto Service business for $6,000 per month. The property is within the purview of the City of San Bernardino redevelopment boundary. One of the buildings was modified to service taller vehicles. All buildings and parking areas look structurally sound. The lot can accommodate 20 cars. The adjacent businesses at the intersection include two gas stations and a liquor store. All building status are deemed reliable, but buyers are to do their own due diligence inspection for permits and zoning.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
1,885 SF
Building Class
C
Year Built
1962
Price
£1,019,733
Price Per SF
£541
Net Initial Yield
5.54%
NOI
£56,478
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
0.30 AC
Opportunity Zone
Yes
Zoning
Commercial - A u t o r e p a i r ( & r e l a t e d ) , G a r a g e
Parking
10 Spaces (5.31 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Signalised Intersection

Nearby Major Retailers

Krispy Krunchy Chicken
Checkers Insurance
Bank of America
Chase Bank
Alberto's Mexican Food
United Rentals-aerial Equipment
Stater Bros Markets
Curves
Sunstate Equipment Co.
Food 4 Less

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0135-143-23
Land Assessment
£180,152
Improvements Assessment
£334,567
Total Assessment
£514,719
  • Listing ID: 29403969

  • Date on Market: 30/08/2023

  • Last Updated:

  • Address: 291 E 5th St, San Bernardino, CA 92410

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