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Two Story Commercial Building 15483 Seventh St 10,000 SF Vacant Office Building Victorville, CA 92395 $896,863 CAD ($89.69 CAD/SF)
Investment Highlights
- Ground-floor frontage of 7th Street and D Street
- Mixed-Use Retail District
Executive Summary
10,000sqft two story commercial building zoned Old Town Specific Plan within the Mixed-Use Retail District which provides for neighborhood commercial and residential mixed-use development. Retail uses are required along the ground-floor frontage of 7th Street and D Street. Office and/or residential uses are allowed behind or above as part of a Development Plan, incorporating horizontal mixed use to the extent feasible. There is potential to demise the 2nd floor into four (4) individual residential units thus creating tremendous upside. Specialty retail uses that promote Old Town's historic Route 66 heritage are strongly encouraged. Currently the building is leased to three tenants on the ground floor and one tenant on the 2nd floor all on a month to month - current gross annual income is $38,400.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,000 SF
Building Class
C
Year Built
1925
Price
$896,863 CAD
Price Per SF
$89.69 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
14’
Building FAR
1.43
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Multi-Tenant Commercial - Multi-Tenant Commercial
Parking
15 Spaces (1.5 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0478-105-17 | Improvements Assessment | $256,746 CAD |
| Land Assessment | $68,951 CAD | Total Assessment | $325,697 CAD |
Property Taxes
Parcel Number
0478-105-17
Land Assessment
$68,951 CAD
Improvements Assessment
$256,746 CAD
Total Assessment
$325,697 CAD
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Two Story Commercial Building | 15483 Seventh St
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