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15625 Seventh St

Victorville, CA 92395
  • $1,100,000
  • STATUS: Active
  • ON SITE: 207 Days
  • ID#: HD24034783
UPDATED: 40 min ago
$1,100,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Matthew Hijazin of Klick Realty (760-646-8745) and Mohammad Alam of ()


Description

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!!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-14T20:41:15.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/147741213
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15625 Seventh St Victorville, CA 92395

  • Price: $1,100,000
  • Status: Active
  • On Site: 207 Days
  • Updated: 40 min ago
  • ID#: HD24034783
0
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
VIC - Victorville
County:
San Bernardino
Area:
VIC - Victorville
Property Description
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!!!
Exterior Features

Entry Level 1 Lot Features LevelPavedRectangular LotStreet LevelWalkstreet Roof Flat

Interior Features

Cooling Central AirEvaporative Cooling Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 8.12 Common Interest None Current Financing None Electric Electricity - On Property220 Volts Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalSubmit Net Operating Income 89400 Number Of Units Leased 9 Operating Expense 16200 Property Sub Type Retail Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-14T20:41:15.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Matthew Hijazin of Klick Realty (760-646-8745) and Mohammad Alam of ()