12036 Bartlett Ave - Office/Residential FOR SALE


Adelanto, CA 92301
$650,000 USD
760-684-8008
12036 Bartlett Ave, Adelanto, CA for Sale
$650,000 USD
Office/Residential - FOR SALE
1/41
null | 8.21% Cap Rate

12036 Bartlett Ave
Adelanto, CA 92301


HIGHLIGHTS

  • Owner Willing To Consider Seller Financing/Carry Terms
  • Occupied Generating Lucrative Cap Rates
  • Multi-Tenant Mixed Use Commercial Income Property

OVERVIEW

***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADU’s to their properties. The new ADU LAW further expands the property’s income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.*** CONTACT JEFF NYAL FOR INFORMATION - (760) 887-7779

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Distribution, Manufacturing, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial

APN/PARCEL ID

0459-164-11

ASK ABOUT THIS PROPERTY

Jason LamoreauxColdwell Banker Commercial Real Estate SolutionsMore Info
760-684-8008

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Jason LamoreauxColdwell Banker Commercial Real Estate SolutionsMore Info
760-684-8008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.