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    OFF-MARKET
    Retail properties & Spaces

    905-1003 Waterman Ave, San Bernardino, CA 92410

    150,000 SF 17.3 ac lot Built 1969
    Property ID
    Property summary
    AI-generated overview

    This exceptional San Bernardino County retail property, the Waterman Avenue Shopping Center, presents a unique investment opportunity. The center boasts a total of 150,000 square feet across nine single-story buildings, constructed in 1969 and renovated in 2020. Currently, there are 3,232 square feet of vacant space available, including a 1,440 square foot second-generation restaurant space ideal for a co-anchor tenant. The property also features two available outparcel pads, offering additional development potential. The center is anchored by 99 Cents Only Stores and Waterman Discount Mall, ensuring high foot traffic. The location benefits from a signalized intersection with approximately 30,000 vehicles per day (VPD) and is conveniently situated just over a mile from the I-215 San Bernardino Freeway (145,000 VPD), providing excellent accessibility. The 17.3-acre site (753,588 square feet) offers ample space, with lot sizes ranging from 0.5 to 11 acres. The property includes 961 total parking spaces and features 1000 feet of frontage on Waterman Avenue and a cross street of 9th Street. The strong population density, daytime employment, and consumer spending in the area make this a highly desirable location for businesses seeking significant exposure and growth potential. The maximum contiguous space available is 100,000 square feet. This property offers a blend of established retail space and development opportunities in a thriving commercial corridor.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1969
    Total area 150,000 SF
    Lot 17.3 ac (753,588 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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