291 Highland Ave, San Bernardino, CA 92404-3708
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.
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Nick's Smog Check Sustainability Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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