217-221 East State St Redlands, CA 92373

Opportunity for Investor or Owner User ... Priced to Sell Bring All Offers! Prime retail investment property, 3 rental units, located in the heart of historic downtown Redlands, offering an exceptional opportunity for investors. Features modern amenities, high foot traffic, and a stable income stream. 94 Walk Score with low local vacancy rates and high foot traffic area. Redlands is a vibrant and stable market with a growing population and strong economic development initiatives. The city’s commitment to preserving historical architecture and promoting local businesses makes it a sought-after destination for investors. Nearby Attractions: • San Bernardino Mountains • Big Bear Lake • Coachella Valley • Redlands Bowl Summer Music Festival • Redlands Market Night • University of Redlands • Smiley Library • Kimberly Crest House & Gardens Property Details: • Price: $1,700000 • Bring all Offers • Property Type: Retail (Storefront Retail/Office) • Sale Type: Owner User or Investment • Cap Rate: +/- 7.23% • Lot Size: 0.11 AC • Gross Leasable Area: 4,080 SF • Year Built: 1956 • Walk Score: 94 (Walker's Paradise) • APN / Parcel ID: 0171-071-03 Features: • Prime Location in downtown Redlands • Fully leased with NNN (triple net) agreements • High foot traffic area • Upgraded with modern amenities • Historical charm with economic stability ________________________________________ Investment Highlights: • Turnkey Investment: Fully leased with NNN agreements, ensuring a stable income stream. • High Demand Market: Located in a thriving community with robust economic growth. • Upgraded Property: Modern amenities combined with historic charm. • Strategic Location: Easy access to major highways and transportation hubs, surrounded by popular shops and restaurants. LoopNet Site: https://rem.ax/217_E_State_St 217-221 East State Street, Redlands, CA 92373 San Bernardino County Each office independently owned and operated. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. If you have a disability that is preventing you from experiencing this website, call By using this site, you consent to the collection, recording, and use of some personal information by REMAX and/or its third-party providers for site operation, analytics, and third-party advertising. © 2024 RE/MAX, LLC. All Rights Reserved.