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525 E Yermo RD Yermo, CA 92398
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Key Details
Sold Price $220,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 524417
Year Built 1950
Annual Tax Amount $352
Tax Year 2021
Lot Size 8,276 Sqft
Property 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. Buyer to verify all figures to make sure this investment works for them.
Location
State CA
County San Bernardino
Zoning Commercial
Interior
Heating See Remarks
Cooling Evaporative Cooling
Exterior
Roof Type Composition,Metal
Building
Story 1
Water Public
Others
Acceptable Financing Cash, Owner Will Carry, Submit
Listing Terms Cash, Owner Will Carry, Submit
Special Listing Condition Standard
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Bought with James Langley • Rigel Capital