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507 S Mount Vernon Avenue

San Bernardino, CA 92410
  • $999,900
  • STATUS: Active
  • ON SITE: 179 Days
  • ID#: RS21253095
Price Reduced
UPDATED: 52 min ago
$999,900
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1975
County:

School Ratings & Info

Listing Agent(s): Jason Hong of Team Spirit Realty (714-562-0404)


Description

BIG 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 46 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be terminiated during coming Aug. 2022. The unit D on Mill Street was another restaurant, but it is vacant now due to move out after a small inside fire of the unit D. We are keeping the unit D as vacant for a future buyer choice.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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T08:27:02.077. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
www.thealvaradobrothers.com/homes/123469584
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507 S Mount Vernon Avenue San Bernardino, CA 92410

  • Price: $999,900
  • Status: Active
  • On Site: 179 Days
  • Updated: 52 min ago
  • ID#: RS21253095
0
Beds
0
Baths
0
½ Baths
0.38
Acres
1975
Built
Neighborhood:
274 - San Bernardino
County:
San Bernardino
Area:
274 - San Bernardino
Property Description
BIG 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 46 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be terminiated during coming Aug. 2022. The unit D on Mill Street was another restaurant, but it is vacant now due to move out after a small inside fire of the unit D. We are keeping the unit D as vacant for a future buyer choice.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.
Exterior Features

Construction Materials Stucco Fencing None Lot Features Corner LotNear Public TransitPavedRectangular LotStreet Level Open Parking Spaces 18 Parking Total 18 Roof Shingle Sign On Property YN No

Interior Features

Building Features Phone System

Property Features

Additional Parcels YN No Business Type Restaurant Common Interest None Current Financing None Electric Electricity - On Property Electric Expense 0 Gross Scheduled Income 54000 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan Number Of Units Leased 4 Property Sub Type Retail Special Listing Conditions Standard Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 0 Water Source Public Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T08:27:02.077. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
 
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The Alvarado Brothers | Ever Stewart Alvarado Broker
1800 N Bristol St, Suite C135
Santa Ana CA, 92706
Listing Agent(s): Jason Hong of Team Spirit Realty (714-562-0404)