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Property profile & analytics
OFF-MARKET
Retail space

475 4Th St San Bernardino, CA 92401

4,800 SF Built 1925
Individually Owned 9-yr Hold
Property ID
US10-1435348
Property summary
AI-generated overview

This exceptional 4,800 square foot retail property, located at 475-479 W 4th St in San Bernardino, CA 92401, presents a unique investment opportunity. The building, constructed in 1925 and extensively renovated in 2023, features two 2,400 square foot suites, ideal for a variety of uses, including restaurants, breweries, or general retail. High ceilings, attractive brick walls, and an indoor/outdoor patio enhance the space's appeal. Recent improvements include the installation of two skylights, new HVAC units (less than 5 years old), and a 50-year foam roof providing superior insulation and energy efficiency. The property has undergone a seismic retrofit and boasts newly installed electrical systems and three ADA-compliant bathrooms with updated fixtures and tile. A roll-up door at both the front and rear ensures enhanced security. The owner is open to offering tenant improvement credits or build-to-suit options for qualified businesses. This location benefits from proximity to over 25,000 government, legal, and private sector employees, and is situated within a revitalizing downtown area experiencing significant growth. Nearby amenities include a burgeoning arts district, a new entrepreneurship center, and a planned large-scale housing development. The city is actively investing in downtown revitalization, with initiatives including facade improvement grants, small business loans, and community event support. The adjacent Sole Alley is undergoing a $720,000 upgrade, further enhancing the area's attractiveness. This property offers a compelling combination of historical charm, modern amenities, and a strategic location within a rapidly developing urban core. The DC CR-2 zoning allows for diverse commercial uses.

Property profile
Verified
Property type Retail space
Year built 1925
Total area 4,800 SF
UPID US10-1435348
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
  • Same Day Water Damage Restoration San Bernardino Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Howard Friedman · 9 yrs held
Howard Friedman
since 2017
2 recorded transactions
2017
Price N/A
2017
$212,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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