507 S Mount Vernon Avenue, San Bernardino, California 92410
  • $760,000
  • $819,000

Overview

Property ID: RS21253095
  • Retail, Commercial Sale
  • Property Type
  • 3104 Sqft
  • Area Size
  • 1975
  • Year Built

Description

Back to Market!!! PRICE REDUCED Again and Again for a Quick Sale!!! Selling its Location, Location and Location!!! Excellent Corner Location with a possible Redevelopment opportunity which is located in the SE Corner of a busy Mt. Vernon Ave and Mill St. The building size is 3, 104 sq.ft. on lot size 16, 500sq.ft. with a ample parking spaces which is opposite side of McDonald’s Hamburger on the same Mt. Vernon Ave. This property is for sale first time in the market in 40 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is expired and month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be expired during coming Aug. 2022. The unit D on Mill Street (With Green painted outside) was another restaurant, but it is no tenant now after the unit D was burned out inside only by a electric shock inside the unit D. The space of unit D is for buyer’s choice about the future usage after repair it inside. There is a good chance of redevelopment/remodeling the property and making a chance of raising the monthly rent income increase to the curent market level. The seller is selling it as “As-Is and In Its Current Condition”. It is easy to access to FWY 215 & 10, it also located near from the downtown of San Bernardino City.

  • Address: 507 S Mount Vernon Avenue
  • City: San Bernardino
  • State/county: CA
  • Zip/Postal Code: 92410
  • Country: US

Details

Updated on May 7, 2024 at 11:49 pm
  • Property ID RS21253095
  • Price $760,000
  • Property Size 3104 Sqft
  • Land Area 0.3788 Acres
  • Year Built 1975
  • Property Type Retail, Commercial Sale
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan
  • Roof Shingle
  • Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • County San Bernardino
  • Property Type Commercial Sale

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