507 S Mount Vernon Avenue
San Bernardino, CA 92410
0.38 acres | #RS21253095
Description
Back to Market!!! 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 40 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is expired and month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be expired during coming Aug. 2022. The unit D on Mill Street (With Green painted outside) was another restaurant, but it is no tenant now after the unit D was burned out inside only by a
electric shock inside the unit D. The space of unit D is for buyer's choice about the future usage after repair it inside.
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.
Property Details
- Lot DescriptionCornerLot, NearPublicTransit, Paved, RectangularLot, StreetLevel
Measurements
- Acres0.3788
Construction Details
- Property TypePurchase
Condition
- Year Built1975
Utilities / Energy Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- Utility SourcePublic
Community and Neighborhood Details
- CountySan Bernardino
Financial Details
- Original List Price$1,198,000
Other
- MLS #RS21253095
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jason Hong (#RHONGJAS)
Listing Office: Team Spirit Realty (#RTSP)
Listing Courtesy (Buyer)
Buyer's Agent: Jason Hong (#rhongjas)
