31559 Us Highway 74 Homeland, CA 92548
- Retail space
- 620 SF
- 0.18 lot acres
Current Use by Public Records
- Retail space
Property Details for 31559 Us Highway 74
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 620 SF
- Zone code
- CPS
- Property type
- Retail space
- APN
- 459-161-017
- APU
- 459161017
Description
This 620-square-foot retail property, situated at 31559 US Highway 74 in Homeland, California, presents a compelling investment opportunity. The property sits on a 0.18-acre lot and is being offered at $359,900. It's important to note that the property is being sold "AS IS," meaning the seller will not undertake any repairs or modifications prior to the sale. This presents a unique chance for a buyer to acquire a commercial space at a competitive price and customize it to their specific needs and vision. The property requires some work, making it ideal for an investor or business owner willing to invest in renovations and improvements. Given its location on US Highway 74, the property benefits from high visibility and potential for significant foot traffic, making it a suitable location for a variety of retail businesses. The asking price reflects the need for renovations, offering a potentially lucrative return on investment for the right buyer. Serious inquiries are encouraged to act quickly, as this property is expected to sell rapidly. The property's address is 31559 US Highway 74, Homeland, CA. Further details are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $135,000
- 6.5%
- $140,000
- 7%
- $125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $140,000
- Retail
- $130,000
- Mixed-Use
- $155,000
- Hospitality
- $145,000
- Educational
- $130,000
- Residential Income
- $125,000
- Energy
- $120,000
- Income-Based Land
- $130,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Homeland
- County
- Riverside
- State
- California
- Longitude
- -117.11
- Latitude
- 33.7431
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA