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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Sec Highland Ave. & Medical Ctr Dr San Bernardino, CA 92411

2.09 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents "Highland Plaza," a fully approved development project in San Bernardino, CA. Situated on a 2.089-acre lot at the southeast corner of Highland Avenue and Medical Center Drive, this project comprises two parcels totaling 8,558 square feet of net rentable space. Parcel 1 encompasses a gas station, convenience store, and car wash, featuring an 8-pump fuel canopy with 16 fueling positions, a 4,358 sq ft convenience store with drive-thru, and a Type-20 ABC license for off-sale beer and wine. All entitlements are complete, parcel maps are recorded, and grading plans are finalized. Architectural plans require finalization at an additional cost. Parcel 2 offers a 4,200 sq ft multi-tenant building, including approximately 2,200 sq ft of drive-thru QSR space and 2,000 sq ft of retail space. Both parcels are zoned CG-Commercial. The asking price is $3,300,000, representing a land value of $40.77 per square foot. This fee-simple ownership offers a 1031 exchange opportunity. The property is currently vacant and ready for immediate development. The project boasts two single-story buildings constructed in 2023. APN numbers are 0143-012-47 (Parcel 1) and 0143-012-47 (Parcel 2).

Property profile
Verified
Property type Retail properties & Spaces
Year built 2023
Lot 2.09 ac (90,997 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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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