11328 11374 Bartlett Avenue, Adelanto, CA 92301
- $885,000
- List Price
- $885,000
- Price Change
- ▼ $100,000 1782195153
- Status
- ACTIVE
- MLS#
- HD26085578
- Year Built
- 1950
- Lot Size
- 20,500
- Acres
- 0.47
- Lot Location
- 6-10 Units/Acre, Level, Paved, Rectangular Lot
- Days on Market
- 98
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
***Come VIEW and MAKE an OFFER TODAY! Amazing COMMERCIAL INCOME OPPORTUNITY located in expanding Adelanto CA. TWO PROPERTIES (11328 and 11374 Bartlett Ave) are for sale as a package consisting of 3 BUILDINGS and 6 OFFICE/RETAIL UNITS all developed on a 20,500sf lot. Positioned in the heart of Adelanto's Business District, the site is only one block from Hwy 395 and close to Interstate-15 offering excellent access to all of Southern CA. Also, the site has frontage along HIGH-TRAFFIC Bartlett Ave, seeing tons of people drive by everyday. Plus, with Adelanto rapidly becoming a logistics/distribution hub, recent expansion has brought the SoCal Logistics Airport, Amazon fulfillment center, and Keurig/Dr. Pepper/Snapple manufacturing plant to the area. In addition, the site was part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions was invested on massive improvements to infrastructure, as the city prepares for FUTURE GROWTH. 11328 Bartlett Ave is comprised of two structures. The first building is split into 4-units totaling 2,444sf, fully occupied by a healthcare/dental office. The second building is 1-unit totaling 2,088sf, fully occupied by a tax/business service office. Right next door, 11374 Bartlett Ave has the third building with 1-unit totaling 1,125sf, fully occupied by a counseling office. Altogether, there is 5,657sf of rent-able space, that has been generating steady cash flow for years. Currently at 100% OCCUPANCY, the units earn over $100,000 in GROSS ANNUAL INCOME. With limited commercial space available in Adelanto and lease rate on the rise, this is an ideal property for any real estate investor needing LUCRATIVE CAP RATES. A definite must see OPPORTUNITY, worthy of serious consideration, before it's too late.***
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $100,836
- Operating Expense
- 15156
Listing courtesy of Listing Agent: John Connolly (john@cpi-capital.com) from Listing Office: CPI Capital Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.