41656 Big Bear Blvd - Freestanding FOR SALE


Big Bear Lake, CA 92315
$3,200,000 USD
909-273-8980
41656 Big Bear Blvd, Big Bear Lake, CA for Sale
$3,200,000 USD
Freestanding - FOR SALE
1/55
null | 5% Cap Rate

41656 Big Bear Blvd
Big Bear Lake, CA 92315


HIGHLIGHTS

  • On Big Bear Lake's Busiest Street
  • Close proximity to Snow Summit, Bear Mountain Resort and the Lake
  • Over 15,000 square feet is undeveloped

OVERVIEW

Incredible opportunity to purchase this prime income property on four adjacent parcels totalling 1.7 acres in SoCal’s number one tourist destination in the city of Big Bear Lake. Located on Big Bear Lakes busiest street. Over 330ft of frontage on busy thoroughfare between shopping centers and Village, blocks from Snow Summit and lake. Use is office, retail, residential, storage/parking. Multiple revenue streams. +/-4,000sf office building has 7 offices downstairs 1 and 5 offices upstairs. 13 units built in the 1950's to the 1990's. Attached 4,688sf retail space leased to long-term tenant. 3,660sf house with 240sf separate office. 1,100 square feet steel frame garage with two +/-12ft rolling doors and 500sf shed offer storage plus RV parking potential cash flow when converted to commercial use. Corner parcel is minimally improved with tenant in the 1,600sf and 800sf bldgs, vacant land in rear. Fourth lot across the street, behind the property is currently used for parking/storage with deal nearly in place to offer permanent parking to a major marina. Property presents investor opportunity to bring rents to market rate and develop land for high ROI. C-2 zoning allows for a variety of uses.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C-2 Commercial General

APN/PARCEL ID

0309-095-01,0309-095-02,0309-095-03,0309-096-01

ASK ABOUT THIS PROPERTY

Israel BardenReMax Big BearMore Info
909-273-8980

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Israel BardenReMax Big BearMore Info
909-273-8980

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