19 Citrus Ave, Redlands, CA 92373

Property Details for 19 Citrus Ave

Year built

1903

Lot size

0.22 lot acres

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional multi-tenant retail property, the historic Cope Building, offers 21,151 square feet of net rentable space in the heart of downtown Redlands, CA. Boasting a desirable mix of e-commerce resistant tenants—including QSR/fast food, restaurants, and service businesses—this investment opportunity presents a strong, stable income stream. 53% of the occupied space has been operational for over eight years, contributing to a substantial net operating income (NOI) of $387,749 and a 7.50% cap rate. The building, constructed in 1903, sits on a 0.22-acre lot on Citrus Avenue, a highly walkable area with a Walkscore of 90, placing it in a thriving dining and nightlife district adjacent to the popular "Umbrella Alley." Its prime location benefits from excellent accessibility, with proximity to the 10 and 210 freeways and a short walk from the Metrolink station, providing convenient access to Los Angeles and San Bernardino. Furthermore, its location near the University of Redlands serves a dense, affluent demographic with average household incomes exceeding $115,000 within a 5-mile radius. This is an irreplaceable opportunity to acquire a historically significant, high-performing retail asset in a vibrant and growing market. The asking price is $5,170,000.

Location Insight

City

Redlands

County

San Bernardino

State

California

Longitude

-117.1819225

Latitude

34.0558148