504 Broadway St Needles, CA 92363-2942
- Auto shops
- 1,421 SF
- 0.50 lot acres
Current Use by Public Records
- Auto shops
Property Details for 504 Broadway St
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 0.50 lot acres
- Property size
- 1,421 SF
- Property type
- Auto shops
- APN
- 0186-113-14-0000
- APU
- 186113140000
Description
This exceptional industrial property, situated in the heart of Needles, CA, presents a unique investment opportunity. Located at 504 W Broadway Street, this 1,421 square foot building sits on a desirable half-acre corner lot, offering significant potential for a variety of commercial uses. Previously utilized as a gas and service station, the underground fuel tanks have been removed, eliminating environmental concerns and opening the door for diverse business ventures. Recent improvements include a completely upgraded electrical panel and fresh interior and exterior paint, reducing immediate capital expenditure needs for the new owner. The property's central downtown location provides excellent visibility and accessibility, capitalizing on Needles' burgeoning growth. This is a ground-floor opportunity to establish a thriving business in a rapidly developing California city. The building's spacious layout and ample land provide flexibility for expansion or adaptation to suit specific business needs. Its strategic location ensures high traffic volume and easy access for customers and employees. Don't miss this chance to acquire a well-maintained, ready-to-occupy industrial property in a prime location. The asking price is $295,000. A drive-by is encouraged to appreciate the property's potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $100,000
- 6.5%
- $105,000
- 7%
- $105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $120,000
- Geo Method
- $105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $115,000
- Mixed-Use
- $115,000
- Hospitality
- $100,000
- Educational
- $115,000
- Residential Income
- $110,000
- Energy
- $110,000
- Income-Based Land
- $125,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Needles
- County
- San Bernardino
- State
- California
- Longitude
- -114.602
- Latitude
- 34.8376
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA