222 E Main, Barstow, CA 92311
- $2,400,000
- List Price
- $2,400,000
- Price Change
- ▼ $190,000 1779476187
- Status
- ACTIVE
- MLS#
- HD26094729
- Year Built
- 1985
- Lot Size
- 25,596
- Acres
- 0.59
- Lot Location
- Street Level
- Days on Market
- 87
- Property Type
- Commercial
- Property Sub Type
- Office
Property Description
Excellent Investment Opportunity – FOR SALE: ± 36,850 sf Two-Story, 33-Unit Garden Style Office Building. The Mercado Building is located in the heart of Barstow, CA at 222 E. Main Street and is currently 77 % occupied with a 8.43% cap rate based on actual income. The property is well maintained and features a strong tenant mix including Victor Community Support Services, Inc., Aegis Treatment Centers, Lighthouse Counseling, various medical and general office tenants. There is significant potential for added value through leasing the remaining units and improving the overall cap rate. Barstow is a business-friendly city committed to long-term growth and economic development, with leadership actively encouraging new investment and development throughout the region. The city continues to position itself as a key logistics and transportation hub along the I-15 corridor between Los Angeles and Las Vegas. When the proposed BNSF Barstow International Gateway expansion project moves forward, it is expected to further accelerate economic activity and job creation in the area, driving additional demand for office and commercial space.
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $342,419
- Operating Expense
- 140124
Listing courtesy of Listing Agent: Randy Sanchez (rsanchez@mgrrealestate.com) from Listing Office: MGR Real Estate, Inc.
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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.