507 Mount Vernon Avenue, San Bernardino, CA 92410
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Sold Price :
$656,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1975
Property Description
Back to Market!!! PRICE REDUCED Again and Again for a Quick Sale!!! Selling its Location, Location and Location!!!
Excellent Corner Location with a possible Redevelopment opportunity which is located in the SE Corner of a busy Mt. Vernon Ave and Mill St. The building size is 3,104 sq.ft. on lot size 16,500sq.ft. with a ample parking spaces which is opposite side of McDonald's Hamburger on the same Mt. Vernon Ave. This property is for sale first time in the market in 40 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is expired and month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be expired during coming Aug. 2022. The unit D on Mill Street (With Green painted outside) was another restaurant, but it is no tenant now after the unit D was burned out inside only by a
electric shock inside the unit D. The space of unit D is for buyer's choice about the future usage after repair it inside.
There is a good chance of redevelopment/remodeling the property and making a chance of raising the monthly rent income increase to the curent market level. The seller is selling it as "As-Is and In Its Current Condition". It is easy to access to FWY 215 & 10, it also located near from the downtown of San Bernardino City.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
507 Mount Vernon Avenue |
| City |
San Bernardino |
| State |
CA |
| Zip |
92410 |
| County |
San Bernardino |
| Listing Agent |
Jason Hong DRE #00863293 |
| Courtesy Of |
Team Spirit Realty |
| Close Price |
$656,000 |
| Status |
Closed |
| Type |
Commercial |
| Subtype |
Retail |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1975 |
Listing information courtesy of: Jason Hong, Team Spirit Realty. *Based on information from the Association of REALTORS/Multiple Listing as of May 7th, 2024 at 4:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
