Colton, CA 92324,952 S Mount Vernon AVE #B
Colton, CA 92324,952 S Mount Vernon AVE #B
Colton, CA 92324,952 S Mount Vernon AVE #B
20
$2,400,000
$2,400,000
Est.Price: ?

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20,011 SqFt

952 S Mount Vernon AVE #B Colton, CA 92324

Est. payment /mo
SOLD DATE : 10/12/2020

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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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Listed by FREEMAN & ASSOCIATES
Bought with NONMEMBER MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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