Amazing retail investment listed at a 8.12% Current Cap Rate while still having 2 open units that will be a huge value add! Situated directly in front of the Route 66 sign on Seventh St, this beautiful building is right in the heart of Victorville! Totaling 9,116 sqft of retail space this 2 story retail building has units ranging from 300 sqft to 2,000 Sqft offering suites to a wide range of retail/service based businesses. Building is on almost 1/4 acre and has plenty of parking out front, a rare feature for buildings on this part of Seventh st. Property is currently 82% occupied and generates approx $8,800 gross per month!!!
| Price: | $1,100,000 |
| Address: | 15625 Seventh St |
| City: | Victorville |
| County: | San Bernardino |
| State: | California |
| Zip Code: | 92395 |
| MLS: | HD24034783 |
| Square Feet: | 9,116 |
| roof: | Flat |
| capRate: | 8.12 |
| cooling: | Central Air, Evaporative Cooling |
| country: | US |
| heating: | Central |
| landUse: | Retail |
| signage: | Sign Freestanding |
| electric: | 220 Volts, Electricity - On Property |
| coolingYN: | yes |
| heatingYN: | yes |
| utilities: | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected |
| entryLevel: | 1 |
| expenseYear: | 2023 |
| waterSource: | Public |
| daysOnMarket: | 27 |
| mlsAreaMajor: | VIC - Victorville |
| parcelNumber: | 0478216050000 |
| storiesTotal: | 2 |
| lotSizeSource: | Public Records |
| buildingStatus: | Existing |
| condoAreaUnits: | Square Feet |
| effectiveGross: | 105600 |
| laundryFeatures: | None |
| currentFinancing: | None |
| operatingExpense: | 16200 |
| retailCenterType: | Community/Specialty |
| buildingAreaUnits: | Square Feet |
| maxTotalAreaUnits: | Square Feet |
| minTotalAreaUnits: | Square Feet |
| numberOfBuildings: | 1 |
| netOperatingIncome: | 89400 |
| additionalParcelsYN: | no |
| numberOfUnitsLeased: | 9 |
| listAgentStateLicense: | 02023587 |
| listOfficeStateLicense: | 01916117 |
| coListAgentStateLicense: | 01457818 |
| coListOfficeStateLicense: | 01916117 |
| specialListingConditions: | Standard |
Please sign up for a Listing Manager account below to inquire about this listing