Listed by RE/MAX Big Bear
$799,000
40585 BIG BEAR BLVD BIG BEAR LAKE CA 92315
Details
APN 0308144200000
Property Type Retail, Office
Sub Type Storefront
Square Footage 3,150
Units 4
Cap Rate 2.75%
NOI $22,000
Occupancy 100%
Tenancy Multi
Lease Expiration 11/01/2026
Year Built 1978
Year Renovated 2023
Buildings 1
Lot Size (SqFt) 23,000
Zoning Village Specific
Ground Lease No
Big Bear Lake Commercial Building
Marketing description
This commercial property is situated on the busiest road in SoCals busiest tourist destination. Across the street from the lake and two blocks away from the Big bear Village. 4 units all currently rented. Large 23,200n square foot lot. Currently zoned commercial village retail. 3 630 square foot units and one 1,260 square foot unit. All in good condition. All units have air conditioning. Current rents are below market value. Leases will be month to month after November. All tenants would like to stay. Building is in good condition. Great opportunity.
Investment highlights
3,150 square foot building on a 23,000 square foot lot. Across the street from the lake andd adjacent to the Big Bear Village.
Listing Contacts
Listed by RE/MAX Big Bear
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,000.00
$1,833.33/mo
Valuation Metrics
0
DSCR
2.75%
Cap Rate
2.75%
ROI
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