Lake Commercial For Sale
REMARKABLE MULTI-TENANT INVESTMENT OPPORTUNITY! Wait till you see the perfect, convenient location of this 48 unit office/mini storage facility with over 11,700 sq. ft. of rental space on a level, 36,358 sq. ft. street-to-street lot in the 'miracle mile' district of Big Bear Lake. Property includes 38 units of various sizes for personal/business storage and 10 office space rentals (two w/ 1600 sq. ft. and eight w/ 400 sq. ft.). Office units come complete with wet bar/kitchenette and half bathrooms (a few with showers). Lots of potential to increase monthly income. Many of the current rents are below current market rents. As of 7/13/24, CAP Rate is 7.30 based on actual income, less actual reoccurring expenses. Currently five vacancies equaling $2,013 P/M. (When 100% occupied, CAP rate is 8.5).Property Details
- Beds: 0
- Baths: 0.0
- Sq Feet: 11704
- Year Built: 1986
- Location: Big Bear Lake
- County: San Bernardino County
- Roof:
- MLS #: EV24122272
Location
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Contact Information:
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Listing Agent: MICHAEL DOLAN, Keller Williams Big Bear Lake Arrowhead, 562-577-9958, 909-866-4949 Listing Site, Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 5059283 |
| Viewed: | 66 times |
| Added: | Jul 24, 2024 |
| Updated on: | Oct 25, 2024 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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