155-167 Highland Ave San Bernardino, CA 92404

Property Details for 155-167 Highland Ave

Year built

1961

Lot size

0.32 lot acres

Property size

6,618 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional San Bernardino, CA investment property, located at 155-167 E Highland Ave, presents a compelling opportunity for owner-users or investors. The 6,618 square foot storefront building sits on a 0.32-acre lot and features four units ranging in size, ideal for a variety of uses. Currently operating as a multi-tenant retail center, the property offers significant value-add potential. The asking price is $1,290,000, translating to $194.92 per square foot and a land value of $650,000 per acre. Built in 1961, the property is zoned for commercial use and boasts a strong pro-forma NOI of $102,898, resulting in a 7.98% pro-forma cap rate. All units are currently under market rent on month-to-month leases, presenting an immediate opportunity to increase income. The property's location, just two blocks from St. Bernardine Hospital, makes it particularly attractive for medical office use. This rare small commercial property is situated in a high-traffic, densely populated area, making it an excellent choice for owner-occupancy or investment. The property's APN is 0146-022-14-0000