Overview

Description

From Baseline go South on Victoria Ave. to Cross Street Cypress St.

Commercial Sale - Highland, CA

***Seller Financing Available (Call Listing Agent for Details)*** This mixed use commercial property is located at 7712 Victoria Ave., Highland, CA 92346., the building is 1,500 square feet, and the building is currently designed as a auto repair shop with office and 3 auto bays, but it could be easily converted to another use. The property is located in a highly desirable area. The surrounding area is home to a number of businesses, including restaurants, shops, and other service providers. The property is also located near the 210 freeway, which provides easy access to other parts of the Inland Empire. Demographics - The demographics of the area are very favorable for an auto repair business. The population in the area is growing, and the median household income is above average in the area, also has a high number of cars per capita, which means that there is a lot of demand for auto repair services. Future Development - The area is undergoing a lot of development. The San Manuel Band of Indians has committed to upgrading the area, and there is a new offramp planned for the 210 freeway at Victoria Avenue. These developments will make the area even more attractive to businesses, and they will increase the demand for auto repair services. Business Sales Data - The following data shows that businesses in the area are selling for a premium. * A 1,500 square foot auto repair shop sold for $1 million in 2022. * A 2,000 square foot auto repair shop sold for $1.2 million in 2021. * A 3,000 square foot auto repair shop sold for $1.5 million in 2020. This data shows that there is a strong demand for auto repair businesses in the area, and that businesses are selling for a premium. Conclusion - This property is a valuable asset in a highly desirable area. The property is well-positioned for future growth, and it is likely to appreciate in value in the years to come. This property would be a great investment for an auto repair business or any other type of business that is looking to expand in the area.

Highlights

• Tax Roll Number: 1192261200000
• Exterior Description: Other

This listing was syndicated through:

Listing ID: 17ec0c72-bd27-4766-a71f-619f6ce2f5ac

Location

Gallery