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Brian Aarestad, Sales Associate
SOLD
$656,000
Date 05/07/2024

507 S Mount Vernon Avenue
San Bernardino, CA 92410

Retail, Business Opportunities
Residence
3,104
Sqft
0.3788
Lot Size
Listing Agent: Jason Hong CalDRE: 00863293 - Team Spirit Realty, 213-500-7237
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.
RS21253095
Retail, Business Opportunities, Other
San Bernardino
1975
0.3788 Acres
Public
Stucco
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Listing Agent: Jason Hong CalDRE: 00863293 - Team Spirit Realty, 213-500-7237
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