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    OFF-MARKET
    Retail space

    291 Highland Ave, San Bernardino, CA 92404-3708

    1,728 SF 0.25 ac lot Built 1952
    Individually Owned 13-yr Hold Free & Clear
    Property ID
    US10-0993535
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents three buildings totaling 5,494 square feet situated on a 0.76-acre lot in San Bernardino, CA. The property boasts a 100% occupancy rate, generating a strong return on investment. Strategically located at the signalized intersection of Highland Avenue and Waterman Avenue, this high-traffic area sees over 50,000 vehicles daily. The property benefits from its proximity to Dignity Health St. Bernardine Medical Center, a major 342-bed hospital, and the 210 Freeway (154,000 cars daily). This prime location is surrounded by a dense retail corridor, including well-known national and regional tenants such as Stater Bros Markets, Wells Fargo Bank, Walgreens, CVS Pharmacy, dd's Discounts, Chase Bank, Bank of America, and Cardenas Market. The strong demographics, with over 305,000 people within a 5-mile radius, further solidify the investment potential. The property consists of three buildings on three separate parcels, identified by APN numbers 0146-032-12, 13 & 14-0000. The asking price is $3,600,000, representing a price per square foot of $655.26. This is a core investment opportunity with significant upside potential in a thriving retail market. The property is classified as retail and mixed-use, with a storefront subtype.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1952
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,728 SF
    Lot 0.25 ac (11,000 SF)
    APN 0146-032-12-0000
    UPID US10-0993535
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nick's Smog Check Sustainability Organization
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Highland & Waterman Service Ll · 13 yrs held
    Highland & Waterman Service Ll
    since 2012
    5 recorded transactions
    2012
    2008
    2006
    1998
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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