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    860 Waterman Ave San Bernardino, CA 92408

    Sponsored
    For Sale
    $4,500,000

    Prime 2-Acre Commercial Lot, $4.5M

    Property size:
    984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in a rapidly developing area of San Bernardino, California. The property boasts a substantial 87,120 square foot lot, strategically located at 860 S Waterman Ave, 92408, with prime frontage on both Waterman and Central Avenues. The asking price is $4,500,000. The site includes four parcels, totaling approximately two acres, and offers exceptional access to major transportation arteries, including the 215 and 10 freeways, as well as rail and airport access. The existing improvements on the property consist of two residential structures totaling 984 square feet. This presents a versatile opportunity for redevelopment or repurposing, catering to a wide range of commercial ventures. Given its size, location, and accessibility, this property is ideally suited for a variety of commercial uses, making it an attractive investment for both developers and owner-operators seeking a foothold in a thriving market. The property's location in one of San Bernardino's fastest-growing areas ensures strong potential for future appreciation and return on investment. This is a rare opportunity to acquire a significant land parcel in a prime location with excellent infrastructure and connectivity.

    Property Features for 860 Waterman Ave

    General Information

    Property type
    Land
    Square Feet
    984 SF

    HighLights

    • $4,500,000 asking price.
    • Special purpose land property totaling 87,120 square feet.
    • 984 square feet of existing improvements.
    • Located in San Bernardino, CA, at 860 S Waterman Ave, 92408.
    • Prime frontage on Waterman and Central Avenues, near the 215 & 10 freeways, rail, and airport.
    • Consists of four parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    A&B Trucking school Truck Driving School A&B Interstate 215 ... Truck Driving School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.2790536
    Latitude
    34.0853785

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    FAQs

    What type of property is this?
    Land - Prime 2-Acre Commercial Lot, $4.5M
    Where is this land located?
    The property is located at 860 Waterman Ave San Bernardino, 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: $4,500,000 asking price.; Special purpose land property totaling 87,120 square feet.; 984 square feet of existing improvements.
    Request Owner's contact information
    860 Waterman Ave San Bernardino, CA 92408
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    San Bernardino, CA 92408
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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
    860 Waterman Ave San Bernardino, CA 92408
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