12036 Bartlett Avenue , Adelanto, CA 92301
Adelanto, CA 92301
Description
***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.***
Details
| MLS# | HD23150143 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 420 |
| Listing Provided By | Coldwell Banker Home Source 760-242-6000 | Jeffrey Nyal |
Features
| SQ Feet | 3,698 |
|---|---|
| Story(s) | 1 |
| Units | 9 |
| Building(s) | 3 |
| Acreage | 1.10 |
Market Activity 92301
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Adelanto |
| Zip Code | 92301 |
| Area | ADL Adelanto |
| Listing VS Median (in 92301) | |
Price: $650,000 low | high Med: $390,000 SqFt: 3,698 low | high Med: 1,400 $ / SqFt: $176 low | high Med: $279 On Site: 420 low | high Med: 24.000000 | |