22092 Us Highway 18 Apple Valley, CA 92307
- Retail space
- 17,720 SF
- 3.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 22092 Us Highway 18
- Year built
- 1977
- Construction
- WOOD FRAME
- Lot size
- 3.11 lot acres
- Property size
- 17,720 SF
- Property type
- Retail space
- APN
- 3112-651-23-0000
- APU
- 3112651230000
Description
This exceptional 38,215 square foot special purpose property, located at 22092 US Highway 18 in Apple Valley, CA 92307, presents a unique investment opportunity. Built in 1989 and renovated in 2021, this property boasts ten single-story buildings situated on a 135,656 square foot lot (APN: 3112-651-23). The property is zoned SP and offers a diverse range of spaces, including 588 square feet of office space, 820 square feet of new bathrooms, a 1,208 square foot bar, a 7,670 square foot event center, 9,016 square feet of vendor booths, two retail shops totaling 7,678 square feet, and an 11,438 square foot warehouse. Existing plans are available for a 6,612 square foot brewery and additional restrooms, offering significant expansion potential. The asking price is $3,250,000 ($85.05 per square foot). This property is ideally situated on a prime retail strip in Apple Valley's Old Town, ensuring high visibility and foot traffic. The property has a Certificate of Occupancy. Owner financing is available. This is an unparalleled chance to acquire a versatile and established event center with substantial growth opportunities in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $870,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $860,000
- 6.5%
- $950,000
- 7%
- $940,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $800,000
- Geo Method
- $940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $945,000
- Mixed-Use
- $975,000
- Hospitality
- $760,000
- Educational
- $810,000
- Residential Income
- $785,000
- Energy
- $865,000
- Income-Based Land
- $915,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- Apple Valley
- County
- San Bernardino
- State
- California
- Longitude
- -117.182
- Latitude
- 34.5016
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA