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Historic Highland Warehouse Opportunity

1672 Palm Avenue, Highland, CA 92346

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For Sale

$4,500,000

25,200 SF warehouse in Highland Historic District for sale.

Type:Business Opportunities

Property size:

25,200 SF

Lot size:

1.40 Acres

Price / SF:

$178/SF

HighLights

Prime location in the Highland Historic District with convenient access to Base Line Street and the 210 Highway.
Large building with approximately 25,200 square feet of space on a 1.4‑acre lot.
Versatile two‑story layout with a spacious open area on the above‑ground floor and multiple offices/work areas in the basement.
Zoned Commercial General – 1 (CG‑1), offering a wide range of potential uses.
Central air and heat throughout the building.
Secure property with a surrounding block wall and parking area behind the building.

We can help!

Contact an agent

Javier Brown

For Sale

$4,500,000

25,200 SF warehouse in Highland Historic District for sale.

Type:Business Opportunities

Property size:

25,200 SF

Lot size:

1.40 Acres

Price / SF:

$178/SF

Added:: Jan 5, 2025
Days on Market:: 539
Last Refresh:: May 13 at 8:12 pm

Property Features for 1672 Palm Avenue

General Information

Standard status: Active
Size: 25,200 SF
Lot size: 1.40 Acres
Property subtype: Business Opportunities

Building Details

Year Built: 1920

We can help!

Contact an agent

Javier Brown

Listing office MGR REAL ESTATE, INC.

Listing date Jan 5, 2025

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of MGR REAL ESTATE, INC.

HighLights

Prime location in the Highland Historic District with convenient access to Base Line Street and the 210 Highway.
Large building with approximately 25,200 square feet of space on a 1.4‑acre lot.
Versatile two‑story layout with a spacious open area on the above‑ground floor and multiple offices/work areas in the basement.
Zoned Commercial General – 1 (CG‑1), offering a wide range of potential uses.
Central air and heat throughout the building.
Secure property with a surrounding block wall and parking area behind the building.

Overview

Located in the Highland Historic District, this warehouse building was originally constructed in 1920 as a citrus packing house. After being used as a community church, it currently serves as a facility for medical equipment repurposing and is under owner-occupation. The property provides convenient access from Base Line Street and exits from the 210 Highway. It is strategically positioned within a 30-minute drive to key transportation routes in southern California. The building features two floors, totaling approximately 25,200 square feet on a lot of roughly 61,103 square feet (1.4 acres). The above-ground floor offers a spacious open area with two offices and two bathrooms, featuring a ceiling height of around 20 feet that varies due to beams, reaching 13 feet in certain sections. The basement floor encompasses five offices, three sizeable distinct work areas, and two bathrooms accessible through a garage, as well as a staircase. The building has central air and heat. A block wall surrounds the property. The parking area is behind the building. The property is zoned as Commercial General – 1 (CG-1).

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$429.4k	$17.04
− Vacancy	−$33.9k	−$1.35
EGI	$395.5k	$15.69
− OpEx	−$98.9k	−$3.92
NOI	$296.6k	$11.77

25,200 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.24M

$3.71M – $4.94M (±1% cap)

NOI $296,614 @ 7.0% cap · market cap 6.59%

Second Best

Warehouse

$3.59M

$3.14M – $4.19M (±1% cap)

NOI $251,282 @ 7.0% cap · market cap 5.58%

Theoretical Best

Office A

$5.32M

$4.65M – $6.20M (±1% cap)

NOI $372,090 @ 7.0% cap · market cap 8.27%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Similar Places Nearby

Extra Space Storage — 7404 Boulder Ave, Highland, CA 92346
Preferred Self Storage Unit — 26940 Base Line St, Highland, CA 92346
Extra Space Storage — 1775 Palm Ave, Highland, CA 92346

Location Insight

Map
Local Demand

City: Highland
County: San Bernardino
State: California
Longitude: -117.2092196
Latitude: 34.1291428

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For sale
Warehouses
CA
Highland
92346
1672 Palm Avenue

What type of property is this?

Warehouse - 25,200 SF warehouse in Highland Historic District for sale.

Where is this warehouse located?

The property is located at 1672 Palm Avenue Highland, CA.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Prime location in the Highland Historic District with convenient access to Base Line Street and the 210 Highway.; Large building with approximately 25,200 square feet of space on a 1.4‑acre lot.; Versatile two‑story layout with a spacious open area on the above‑ground floor and multiple offices/work areas in the basement.