Property summary
This exceptional 5,802 square foot restaurant property, located at 540 Sandalwood Drive in Calimesa, California, presents a unique owner-user or investment opportunity. Currently vacant, this Class B building offers immediate occupancy starting April 2, 2024. Boasting 6,242 square feet of net rentable space, the property sits on a substantial 1.74-acre lot (75,794 square feet) and includes 95 parking spaces. The strategic location adjacent to the Calimesa I-10 Freeway on/off ramp ensures high visibility and accessibility. Built in 1998, the single-story building is zoned (GC) General Commercial, providing flexibility for a variety of uses. The asking price is $4,200,000, translating to a land value of $727 per square foot. Parcel IDs are 411-210-026 and 411-210-027. This property is ideal for an experienced restaurateur seeking a high-traffic location or a developer looking to capitalize on the prime real estate and flexible zoning. The property's excellent condition and convenient location make it a truly compelling investment. Don't miss this chance to acquire a significant commercial property in a rapidly growing area of Riverside County, California, zip code 92320.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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