Listed by RE/MAX TIME, Commercial Real Estate Exchange Inc
$950,000
Court Sale | Value-Add Shopping Center
Details
APN 0273-253-13-0000; 0273-253-14-0000; 0273-261-24-0000; 0273-261-17-0000
Property Type Retail
Sub Type Shopping Center
Square Footage 11,253
NOI $110,000
Occupancy 71%
Tenancy Multi
Lease Type Gross
Class C
Acreage 1.260
Zoning CG - General Commercial
Parking Spaces 39 spaces
Parking Per SqFt 3.47
Ground Lease No
2 Tenants Occupy 5 out of 7 Units
Marketing description
25598–25578 Base Line St Retail Center at 25598–25578 Base Line St, Highland, CA 92410 presents a compelling court sale value-add investment opportunity on a high-traffic commercial corridor with approximately 16,000 cars per day. Situated on 1.26 acres, this ±11,253 SF multi-building retail center includes three buildings, approximately 39 parking spaces, and a separately usable ±0.46-acre gated yard with Mira Vista Ave access. The property is fully fenced and zoned CG – General Commercial, offering flexibility for retail, service, storage, or future repositioning. The asset features in-place income from established community tenants, with 2 tenants currently occupying 5 of 7 units. Current gross income is approximately $8,867.66 per month ($106K annually), with projected upside to roughly $130K annually through lease-up of vacant space. Existing vacancy creates immediate value-add potential, while the additional yard area may offer future resale, storage, or redevelopment possibilities. This is a rare chance to acquire a prominently located commercial center with stable cash flow, lease-up upside, and long-term redevelopment potential in the growing Highland/San Bernardino trade area!
Investment highlights
- Court Sale Auction
- In-place income with value-add upside
- Current income: $106K/year | Stabilized: $130K/year
- Long Term Community Staple Tenants
- Vacancy creates immediate lease-up opportunity
- Opportunity to revitalize shopping center and add value
- Ability to sell off ½ acre lots on Mira Vista Ave
- Located on a high-traffic commercial corridor
- Redevelopment Potential
Listing Contacts
Listed by RE/MAX TIME, Commercial Real Estate Exchange Inc
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