0 Sec Highland Ave. & Medical Ctr Dr San Bernardino, CA 92411
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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.