41656 Big Bear Blvd
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41656 Big Bear Blvd
16,578 SF 100% Leased Retail Building Big Bear Lake, CA 92315 £2,506,560 (£151/SF) 5% Net Initial Yield
Investment Highlights
- On Big Bear Lake's Busiest Street
- Over 15,000 square feet is undeveloped
- Close proximity to Snow Summit, Bear Mountain Resort and the Lake
Executive Summary
Incredible opportunity to purchase this prime income property on four adjacent parcels totalling 1.7 acres in SoCal’s number one tourist destination in the city of Big Bear Lake. Located on Big Bear Lakes busiest street. Over 330ft of frontage on busy thoroughfare between shopping centers and Village, blocks from Snow Summit and lake. Use is office, retail, residential, storage/parking. Multiple revenue streams. +/-4,000sf office building has 7 offices downstairs 1 and 5 offices upstairs. 13 units built in the 1950's to the 1990's. Attached 4,688sf retail space leased to long-term tenant. 3,660sf house with 240sf separate office. 1,100 square feet steel frame garage with two +/-12ft rolling doors and 500sf shed offer storage plus RV parking potential cash flow when converted to commercial use. Corner parcel is minimally improved with tenant in the 1,600sf and 800sf bldgs, vacant land in rear. Fourth lot across the street, behind the property is currently used for parking/storage with deal nearly in place to offer permanent parking to a major marina. Property presents investor opportunity to bring rents to market rate and develop land for high ROI. C-2 zoning allows for a variety of uses.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,578 SF
Year Built/Renovated
1959/2000
Price
£2,506,560
Price Per SF
£151
Net Initial Yield
5%
NOI
£125,328
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.22
Lot Size
1.70 AC
Zoning
C-2 Commercial General - Commercial General C-2 allows for a wide variety of uses.
Parking
30 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
336 ft on HYW 18 - Big Bear Blvd
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Drive Thru
- Storage Space
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Big Bear Auto
- Service type
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Big Bear Auto | Service type | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £309,038 (2024) | |
| Land Assessment | £179,369 (2024) | Total Assessment | £488,406 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£179,369 (2024)
Improvements Assessment
£309,038 (2024)
Total Assessment
£488,406 (2024)
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41656 Big Bear Blvd
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