10346 Locust Ave Bloomington, CA 92316

Property Details for 10346 Locust Ave

Year built

1920

Property size

3,286 SF

Property type

Commercial real estate

APN

0252151470000

Description

This exceptional investment opportunity presents a 3,286 square foot industrial property situated on a 38,220 square foot lot in Bloomington, CA (92316). The property, built in 1920, is zoned BL/IC (Community Industrial), allowing for diverse light industrial uses including manufacturing, warehousing, construction support, transportation, and agricultural support. Currently boasting 100% occupancy with three tenants, the property generates a substantial net operating income (NOI) of $13,000 annually. The asking price is $1,900,000, translating to $578.21 per square foot and $8,000 per acre for the land. The property includes three separate electric, gas, and water meters for efficient utility management. Key features include two single-story houses, each currently rented for $2,500 per month (4 beds/4 baths and 3 beds/2 baths respectively), and a gated, paved yard with two container offices equipped with bathrooms, currently leased for $8,000 per month. This versatile property offers significant rental income potential and is ideal for owner-users seeking both office and operational space with limited outside storage needs. The property's location in San Bernardino County provides convenient access to major transportation routes. All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to conduct their own due diligence.