$202.81 Per Sq Foot $4,990 est/mo Sourced by Back At You

12036 Bartlett Avenue,Adelanto, CA 92301

Adelanto CA, 92301

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Description

***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating nearly $49,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADU’s to their properties. The new ADU LAW further expands the property’s income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***

Details

MLSHD23150143
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1950
Days On Site256
Listing Provided ByColdwell Banker Home Source 760-242-6000 | Jeffrey Nyal

Features

SQ Feet3,698
Story(s)1
Units9
Building(s)3
Acreage1.10

Market Activity 92301

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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StateCA
CountySan Bernardino
CityAdelanto
Zip Code92301
AreaADL Adelanto
Listing VS Median (in 92301)
Price:
$749,990
low | high
Med:
$389,999
97.999439992533% of Average
SqFt:
3,698
low | high
Med:
1,611
100% of Average
$ / SqFt:
$203
low | high
Med:
$244
29.659451658953% of Average
On Site:
256
low | high
Med:
111
100% of Average
Sourced by Back At You
Listing Updated: April 19, 2024 at 6:52:21 PM PDT