819 Orange St Redlands, CA 92374-3212
- Strip malls
- 3,072 SF
- 0.19 lot acres
Current Use by Public Records
- Strip malls
Property Details for 819 Orange St
- Year built
- 1926
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.19 lot acres
- Property size
- 3,072 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 0169-066-09-0000
- APU
- 169066090000
Description
This exceptional 3,065 square foot retail property, located at 819 Orange Street in Redlands, California, presents a unique investment opportunity. Situated on a 0.23-acre lot, this property boasts a recently completed light interior and exterior remodel, enhancing its appeal and potential. Established in 1960, the property is eligible for historic designation, adding to its character and potential tax benefits. The property comprises two units, both of which have a proven track record of successful tenant occupancy. Shared parking is available, providing up to 16 additional spaces for customers and employees. Its strategic location near the intersection of Orange Street and Colton Avenue ensures high visibility and accessibility. The property benefits from convenient access to Interstate 10 freeway on and off ramps, facilitating easy commutes for both employees and customers. The surrounding area is characterized by a mix of established businesses, including prominent names such as Stater Bros., Domino's Pizza, Chevron Gas, Salvation Army, and Liberty Tax, creating a vibrant and thriving commercial environment. This property's prime location, coupled with its recent renovations and strong tenant history, makes it an ideal investment for discerning buyers seeking a high-return retail property in a desirable location. The asking price is $745,000. The property's proximity to Downtown Redlands and the Train Station further enhances its appeal and potential for attracting a diverse clientele.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $320,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $295,000
- Mixed-Use
- $295,000
- Hospitality
- $305,000
- Educational
- $355,000
- Residential Income
- $280,000
- Energy
- $375,000
- Income-Based Land
- $275,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Redlands
- County
- San Bernardino
- State
- California
- Longitude
- -117.183
- Latitude
- 34.0635
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
