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:

Contact Agent
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.

Ad Statistics:

Lake Commercial For Sale in Big Bear Lake, California
Ad Number : 5059283
Viewed: 73 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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