19 Citrus Ave Redlands, CA 92373
- Retail space
- 0.22 lot acres
Current Use by Public Records
- Gato Feliz Media / Video Production Service / Video Editing Service
- à la Minute Ice Cream / Dessert Shop / Ice Cream Shop
- Redlands Daily Facts / Newspaper Publisher
- Earthetic Inc / Software Company / Software Training Institute
- ATM (ATM Link, Inc.) / Atm
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.
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
- Redlands
- County
- San Bernardino
- State
- California
- Longitude
- -117.1819225
- Latitude
- 34.0558148
