1150 W Broadway St, Needles, CA 92363
- Retail space
- 2,800 SF
- 0.69 lot acres
Current Use by Public Records
- Retail space
Property Details for 1150 W Broadway St
- Year built
- 1988
- Construction
- STEEL FRAME
- Lot size
- 0.69 lot acres
- Property type
- Retail space
- APN
- 0186-093-18-0000
- APU
- 186093180000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 8, 2021 | $500,000 | Seko Group LLC | Route 66 River Nursery INC | Grant Deed | — |
| Oct 22, 2021 | — | Inland Development Strategies LLC | Route 66 River Nursery INC | Quit Claim Deed · related | — |
| Jan 26, 2021 | — | Owner Name Unavailable | Lanell-kay Mcdaniel | Affidavit Of Death · related | — |
| May 31, 2017 | $225,000 | Route 66 River Nursery INC | Inland Dev Strategies LLC | Grant Deed | — |
| Nov 30, 2016 | $250,000 | Inland Dev Strategies | Mcdaniel Family Trust | Grant Deed | $210k · Mcdaniel Family Trust (pt) |
| Mar 3, 2006 | — | Mcdaniel Family Trust | Mcdaniel,robert M & Lanell K | Quit Claim Deed · related | — |
| Feb 2, 1988 | $47,500 | Robert Mcdaniel | Domin | Grant Deed | $41k · Dominican Sister |
Description
This exceptional commercial property in Needles, California presents a remarkable investment opportunity. Located at 1150 Broadway Street, this 2,800 square foot steel building sits on a sizable 0.69-acre lot (approximately 30,000 square feet), offering significant potential for a variety of businesses. The property boasts excellent highway frontage and high street visibility, ensuring maximum exposure to potential customers. Its convenient location just off Interstate 40 provides easy access for both local and out-of-town traffic. The building itself features a spacious interior, complemented by two garages with large bays, ideal for storage or specialized equipment. The property's previous use as a nursery suggests adaptability to various commercial ventures. The completely fenced lot provides ample space for parking and outdoor storage, a significant advantage for businesses requiring substantial space. The seller is offering financing options, making this an even more attractive proposition for prospective buyers. This prime location near the Colorado River makes it particularly suitable for businesses catering to recreational activities or those serving the needs of river users. The property's size and features make it an ideal location for a boat or RV repair shop, but its versatility allows for a wide range of other commercial uses. Don't miss this chance to acquire a well-situated commercial property with substantial growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $560,000
- ML approach
- $535,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $670,000
- 6.5%
- $615,000
- 7%
- $575,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $726,000
- AI Estimate
- $442,000
Market price range: $319k - $995kMarket price range: $164k - $614k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $620,000 Current use
- AUTO REPAIR, GARAGE
- $850,000 Change: +37% Conversion: Difficult
- MEDICAL BUILDING
- $810,000 Change: +30% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $755,000 Change: +21% Conversion: Moderate
- WAREHOUSE, STORAGE
- $715,000 Change: +15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Needles
- County
- San Bernardino
- State
- California
- Longitude
- -114.608
- Latitude
- 34.8409
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
