24630-24688 Redlands Blvd
Loma Linda, CA 92354 Loma Linda

• Unit Size: 1,368 SF
• Condo Use: Retail
• Price: $399,000 USD
• Sale Type: Owner User
• Price/SF: $291.67 USD

Description

±1,368 SF flex retail condo with retail frontage in Loma Linda. Ground floor unit with C2 zoning suitable for retail, office, service commercial.

Sale Notes

Excellent owner-user or investment opportunity featuring retail showroom and flex commercial space within the highly desirable Hospitality Lane / I-10 corridor in the Inland Empire. The property offers a functional layout including showroom/reception area, private offices, flex warehouse/storage area, grade-level roll-up door access, and two restrooms including shower facilities.

Strategically positioned near Interstate 10 with immediate proximity to major national retailers, restaurants, hotels, and regional shopping destinations including Costco, Sam’s Club, Home Depot, Lowe’s, Walmart, Target, and numerous hospitality brands. The location benefits from strong regional traffic patterns, excellent freeway accessibility, and outstanding business visibility within one of the area’s most established commercial corridors.

Ideal for showroom, service commercial, contractor, design, e-commerce, studio, office-flex, retail support, or owner-user operations seeking a professional commercial environment with convenient regional access throughout Southern California. Seller carry financing may be available. Buyer to verify all information and permitted uses.

Traffic Counts (Adjusted +10% from 2017 corridor data):

* Interstate 10 Freeway: ±214,000 vehicles per day
* Redlands Boulevard: ±28,600 vehicles per day
* Redlands Blvd & Tippecanoe Ave: ±86,000+ combined vehicles per day
* Redlands Blvd & Alabama Street: ±70,000+ combined vehicles per day

Based on market rents for comparable small office/flex space in the area, the property could support an estimated lease rate of approximately $1.40 to $1.45 per square foot NNN, resulting in annual rental income of approximately $22,982 to $23,803. At the current asking price of $435,000, this equates to an estimated pro forma cap rate of 5.3% to 5.5%.

Disclaimer: Information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer and Buyer’s advisors should independently verify all information, including square footage, zoning, permitted uses, condition, and financial considerations. Property is offered subject to prior sale, lease, withdrawal from market, or change in price without notice. Broker makes no representations or warranties, expressed or implied, as to the accuracy of the information provided.