525 E Yermo Road,
Yermo CA, 92398
Description
Located on the highly traveled East Yermo Road, this sale includes 4 total parcels: 0538-063-07 / 08 / 09 & 10; 0.76 Total Acres with 2 separate buildings for a total; of 5,350 Sq. Ft. Parcel 10: has a metal building that is 2,700 Sq. Ft. with an open space floor plan, a tall roll up door and a small fenced yard. The main building is 2,650 Sq. Ft. with a spacious garage, room for storage, 2 roll up doors, a large office space with a restroom inside and outside. The total Lot Dimensions are estimated at 241 Ft. x 141 Ft. Surrounded by residential property and other commercial businesses; this property has a consistent traffic flow. Located 0.36 miles southwest of the Interstate 15 on/off ramp which has a traffic flow of 42,000 vehicles passing by this location daily. This property is perfect for a mechanic shop, tow yard, storage and several other commercial uses. The property located across the street has plans to restore the existing structure and build a storage yard. The property is currently leased at $1632 per month for the next couples years with a small option to extend. This gives you an 8.42% cap rate based upon the purchase price.
Details
| MLS# | 524417 |
|---|---|
| Listing Type | For Sale |
| Style | IQWeb_Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 349 |
Features
| SQ Feet | 2,650 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | Commercial |
Market Activity 92398
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Learn More About This Property
| Area Information | |
|---|---|
| State | CA |
| County | San Bernardino |
| City | Yermo |
| Zip Code | 92398 |
| Area | California |
| Listing VS Median (in 92398) | |
Price: $220,000 low | high Med: $55,250 SqFt: 2,650 low | high Med: 423 $ / SqFt: $83 low | high Med: $33 On Site: 349 low | high Med: 29.5 Sourced by Back At You | |
MLS Number: 524417Listing Provided By:
James R Langley of Rigel Capital