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1840 Mentone Blvd
Mentone, CA 92359 North Redlands

$725,000 USD

Storefront Retail Residential For Sale  •  2,267 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 2,267 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1952
  • Tenancy Multiple
  • Zoning CG-SCP
0 Transit Score
67 Walk Score

Highlights

ProForma CAP Rate of 6.73% With a ProForma GRM of 11.07. Current CAP Rate of 5.89%.
Dual Income Streams – Fully operational liquor and market alongside a detached residential unit.
Recent Capital Improvements – Property features new roofs and septic system.
Prime Location along Highway 38 with great frontage.
Built-in Rent Growth – Liquor store tenant has 18 months remaining on lease with 5% annual rent escalations
Upside through County-approved lot split. (Verbal Approval received)

Amenities

  • Corner Lot
  • Fenced Lot
  • Signage

Public Transportation

AirportDriveWalkDistance
Ontario International 38 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Albert Le 714-814-2088 Le Investment Group
Albert Le 714-814-2088 Le Investment Group