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    OFF-MARKET
    Land

    1620-1630 Pellisier Rd, Colton, CA 92324

    2.69 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.69-acre industrial land parcel, located at 1620-1630 W. Pellisier Road in Colton, California (zip code 92324), presents a compelling investment opportunity. Zoned M-1, the property boasts a square lot with approximate dimensions of 321' x 375', fully fenced with both concrete and gravel bases. Currently generating a substantial $15,000 per month in net-net-net (NNN) income from short-term tenants who can be relocated to facilitate redevelopment or expansion. The property includes two existing Quonset huts. Its strategic location provides immediate access to the 10, 60, and 215 freeways, enhancing logistical efficiency. The asking price is $4,500,000, translating to a land value of $46.93 per square foot. The property's APN is 0277-022-88 & 0277-022-89. This site is ideal for various industrial uses, including outdoor storage or new development, subject to obtaining the necessary Conditional Use Permit (CUP). The property offers significant upside potential for investors seeking a high-return, strategically located industrial asset in the thriving San Bernardino County market.

    Property profile
    Verified
    Property type Land
    Lot 2.69 ac (117,176 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
    Allowed · conditional · prohibited
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