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    348 Orange St Redlands, CA 92374

    For Sale
    $2,500,000

    Prime Redlands location, high-potential redevelopment.

    Property size:
    11,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents two adjacent retail buildings totaling 11,440 square feet situated at 348 Orange Street in the heart of downtown Redlands, California (zip code 92374). The property, encompassing APNs 0169-301-27 and 0169-301-28, consists of two single-story buildings, each with its own unit, built in 1996 and renovated in 1996. Currently configured as a bar, restaurant, and storefront, this property is ideally suited for owner-user redevelopment. The asking price is $2,500,000, translating to $218.53 per square foot. Located within the City of Redlands Transit Villages Specific Plan Development, this property benefits from a prime downtown location and offers significant potential for future growth and return on investment. The property's versatility allows for a range of uses, making it an attractive option for both established businesses and new ventures. This is a rare chance to acquire a substantial retail property in a thriving California city. The property's strategic location and redevelopment potential make it a compelling investment opportunity.

    Property Features for 348 Orange St

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,440 SF

    Building Details

    Year Renovated
    1996
    Buildings
    2
    Stories
    1
    Units
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Landeros Furniture City Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Redlands
    County
    San Bernardino
    State
    California
    Longitude
    -117.18252785313
    Latitude
    34.058745250814

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    FAQs

    What type of property is this?
    Individual retail property - Prime Redlands location, high-potential redevelopment.
    Where is this individual retail property located?
    The property is located at 348 Orange St Redlands, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    Request Owner's contact information
    348 Orange St Redlands, CA 92374
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    Redlands, CA 92374
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    348 Orange St Redlands, CA 92374
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