475 4Th St San Bernardino, CA 92401
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.
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Same Day Water Damage Restoration San Bernardino Hardware & Home Improvement Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
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