670 N Waterman Ave - Prime Multifamily Development Opportunity
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670 N Waterman Ave - Prime Multifamily Development Opportunity
4.28 Acres of Commercial Land Offered at $2,500,000 in San Bernardino, CA 92410
Executive Summary
The property is located in the Baseline+Waterman Specific Plan within the Gateway District which allows for a variety retail, professional, mixed use, and multifamily up to 30 DU/acre. A portion of the Specific Plan-Gateway District is attached.
NO TRUCKING OR OUTDOOR STORAGE USES ARE ALLOWED.
NO TRUCKING OR OUTDOOR STORAGE USES ARE ALLOWED.
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.28 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.28 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 4.28 AC |
| Price Per AC | $584,112 |
| Price | $2,500,000 |
| Price Per AC | $584,112 |
| Lot Size | 4.28 AC |
$1,000,000.00 Price Reduction! Located on the SWC of Waterman Avenue and 7th Street. Approximately 4.28 acres are being offer for sale. The 45,000 square foot portion developed as a car wash is not part of the sale. The zoning is GC-1.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,440,000 | |
| Land Assessment | $2,006,000 | Total Assessment | $5,446,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,006,000
Improvements Assessment
$3,440,000
Total Assessment
$5,446,000
zoning
| Zoning Code | CG-1 |
| CG-1 |
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Presented by
Mike Fill Commercial Real Estate Broker
670 N Waterman Ave - Prime Multifamily Development Opportunity
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