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952 S Mount Vernon AVE #B Colton, CA 92324
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Key Details
Sold Price $2,400,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 20,011 sqft
Price per Sqft $119
MLS Listing ID EV20040189
Sold Date 10/12/20
HOA Y/N No
Year Built 1977
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Office
Property Description
This property has a large useable building sitting on 3 acres, with two-street frontage on a hard-corner. The difficult to achieve parking ratio makes this property valuable as there is little inventory in the immediate region that is zoned medical (PLUS Multiple Other Uses) with the required parking ratio that is for lease or for sale. Thus the property is good for an owner-user or an investment group seeking to place medical tenants, or create prime space for medical tenancy. Additionally there is a highly flexible M1 zoning for this property allowing for many uses, including the following "Permitted" uses: Hospital, Animal Care, Administrative/Professional Services, Business Support Services, Educational Institutions, Funeral, Financial, Health Care, Manufacturing Custom & Light, Medical/Dental/Optical Services, Transportation Facilities—Public, Utility Distribution Facilities, Warehousing, Wholesaling, Emergency Shelter. This zoning combined with the shared parking ratio of 5.4 Parking Spaces Per 1,000 SF exceeding Medical Requirement is unmatched in the area. Additionally the property next door can be acquired from a separate owner for an additional $2.0 Million. This acquisition would increase the square footage by 23,372 SF along with 1 more acre of land. This assembly creates a total project of 4 acres with two buildings combined to an approximate 43,383 SF. Total acquisition cost for the entire project is $4,400,000.00; each must be negotiated separately.
Location
State CA
County San Bernardino
Area 273 - Colton
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Near Public Transit
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Brad Freeman
SHOW CONTACT PH 661-201-7868
SHOW INSTRUCTIONS Contact Brad Freeman for an appointment to show - 661-201-7868. Please do not disturb tenants.
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Bought with NONMEMBER MRML