610 Valley Blvd Colton, CA 92324
- Retail properties
- 1,604 SF
Current Use by Public Records
- Myla mexican bistro / Mexican Restaurant / Breakfast Restaurant
Property Details for 610 Valley Blvd
- Year built
- 1952
- Property size
- 1,604 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 1,604-square-foot restaurant building presents a compelling investment opportunity in Colton, California. Located at 610 W Valley Blvd, this property boasts a prime location on a signalized corner, ensuring high visibility and substantial foot and car traffic. The building, constructed in 1952, sits on a sizable 6,000-square-foot lot and is zoned for retail use. Currently operating as a restaurant, this property offers a strong 5.51% cap rate with a current NOI of $37,224. The asking price is $675,000, translating to $420.82 per square foot. The lease expires October 31, 2024, presenting a potential value-add opportunity for an owner-user or investor seeking below-market rents. Its strategic location directly across from Colton High School, with its approximately 2,000 students, provides a consistent source of potential customers. SBA financing is available. This property is ideal for those seeking income generation or an owner-user scenario in a high-traffic, high-visibility location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colton
- County
- San Bernardino
- State
- California
- Longitude
- -117.332
- Latitude
- 34.0679
