2461 Main StBarstow, CA 92311

Property Details for 2461 Main St

Year built

1948

Lot size

1.04 AC

Property size (Sq ft)

2,365 SF

Property type

Retail properties

Property subtype

Bars

APN

0427-431-11-0000

APU

427431110000

Description

This unique investment property at 2461 Main Street, Barstow, CA, presents a compelling opportunity for a savvy investor. The offering encompasses a 2,500 square foot freestanding retail building situated on a 1.04-acre lot. The retail space, previously used as a bar, requires renovation and presents significant upside potential for a variety of commercial uses. Attached to the main retail structure are five residential units, each needing updating. Four of these units are one-bedroom, one-bathroom apartments, and one is a single unit. The entire complex sits on approximately 45,302 square feet of land. The property's zoning is currently designated as Commercial and Industrial, according to public records. Adding to the potential, an adjacent 1,380 square foot single-family home is available for purchase as a separate transaction, offering further expansion or rental income possibilities. This combined property presents a rare chance to acquire a substantial mixed-use asset in a growing California market. The current asking price for the retail building and attached residential units is $495,000. The adjacent single-family home is available for separate negotiation. This is an exceptional opportunity for an investor seeking a value-add project with significant potential for return. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $865,214

  6.5%

  $798,659

  7%

  $741,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $976,306

  Geo Method

  $1,133,316

• Alternative Use

  Use

  Valuation

  Residential

  $673,699

  Hospitality

  $617,105

  Educational

  $513,424

  Medical

  $531,081

  Retail

  $798,659

Location Insight

City

Barstow

County

San Bernardino

State

California

Latitude

34.8892

Longitude

-117.069

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.