19 E Citrus Ave - Storefront Retail/Office FOR SALE
Redlands, CA 92373 |
$5,170,000 USD
844-585-7684
19 E Citrus Ave
Redlands, CA 92373
HIGHLIGHTS
- Prime Retail Investment Opportunity in the Heart of Downtown Redlands; 21,151 Square-Feet; Historic Cope Building (Retail and Office)
- Stable Existing Tenancy: 53% of the occupied square footage has been operating at the property for 8+ years
- Located in the Heart of Historic Downtown Redlands; a Destination Shopping Location Filled with Boutique Shops & Gourmet Restaurants
- Incredible Location on Walk-Friendly Citrus Avenue That Backs Up to Orange Street Alley (“Umbrella Alley”), a Popular Year-Round Attraction
- 1-Mile from the University of Redlands, a Private Liberal Arts University (3,400+ Students)
- Dense, Affluent, Demographics: Over 144,000 ppl with average household incomes in excess of $115,000 within a 5-mile radius of the subject property
FOR SALE DETAILS
PRICE
$5,170,000 USD
PRICE/SF
$244 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cope Building | Redlands, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1903
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.22 AC
LAND SF
9,583 SF
ZONING
C3, Redlands
APN/PARCEL ID
0171-121-03
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844-585-7684
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844-585-7684
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