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This Retail Property is no longer advertised on LoopNet.com.

1840 Mentone Blvd
Mentone, CA 92359

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Approximately, $400,000 invested in comprehensive property enhancements including new roofs, all units renovated & installation of new septic tanks.
  • Approximately 3 years remaining on lease with 5% rent escalations annually; tenant is responsible for utilities.
  • Located 4 minutes from Redlands Municipal Airport(1.5 Miles).
  • Located close proximity to the University of Redlands, a prestigious private liberal arts university located in neighboring Redlands, CA.
  • Prime location on Mentone Blvd (Hwy 38)
  • ProForma CAP Rate of 5.84%, with a ProForma GRM of 12.50. Current CAP Rate of 5.19%

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,267 SF
Building Class
C
Year Built
1952
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.22 AC
Zoning
CG-SCP
Parking
5 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
58 FT on Mentone Blvd

AMENITIES

  • Corner Lot
  • Fenced Lot
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0298-101-37
Land Assessment
$128,664
Improvements Assessment
$170,480
Total Assessment
$299,144
  • Listing ID: 32032818

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 1840 Mentone Blvd, Mentone, CA 92359

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