$220,000

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 TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1950
Days On Site203

Features

SQ Feet2,650
Story(s)1
Units2
ZoningCommercial

Market Activity 92398

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Area Information
StateCA
CountySan Bernardino
CityYermo
Zip Code92398
AreaCalifornia
Listing VS Median (in 92398)
Price:
$220,000
low | high
Med:
$65,000
100% of Average
SqFt:
2,650
low | high
Med:
0
100% of Average
$ / SqFt:
$83
low | high
Med:
$0
100% of Average
On Site:
203
low | high
Med:
402
50.497512437811% of Average
Listing Updated: November 26, 2020 8:05:29 PM PST
James R Langley LogoMLS Number: 524417
Listing Provided By:
James R Langley  of  Rigel Capital

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