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24811 5th St
San Bernardino, CA 92410
Land For Sale
·
0.45 AC
Executive Summary
Location Advantages
- Located within a designated Opportunity Zone, offering potential tax advantages including capital gains deferral and long-term tax benefits, which may enhance overall project returns for investors and developers
- Less than 1.5 miles from San Bernardino International Airport, a major employment and logistics hub driving daytime population growth and increased demand for nearby retail and service uses
Redevelopment & Market Activity
- The former 900,000-SF Carousel Mall was demolished in late 2023, and the site is slated for a large-scale mixed-use redevelopment featuring approximately 2,000–3,500 residential units, along with complementary retail and office components.
- Significant redevelopment is reshaping the surrounding area and submarket landscape
Market Context
- Median household income remains below the Inland Empire average, supporting demand for affordable retail and service-oriented uses.
- Suitable for developers seeking early-entry land in a growing redevelopment corridor
- Located within a designated Opportunity Zone, offering potential tax advantages including capital gains deferral and long-term tax benefits, which may enhance overall project returns for investors and developers
- Less than 1.5 miles from San Bernardino International Airport, a major employment and logistics hub driving daytime population growth and increased demand for nearby retail and service uses
Redevelopment & Market Activity
- The former 900,000-SF Carousel Mall was demolished in late 2023, and the site is slated for a large-scale mixed-use redevelopment featuring approximately 2,000–3,500 residential units, along with complementary retail and office components.
- Significant redevelopment is reshaping the surrounding area and submarket landscape
Market Context
- Median household income remains below the Inland Empire average, supporting demand for affordable retail and service-oriented uses.
- Suitable for developers seeking early-entry land in a growing redevelopment corridor
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.45 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | CG - Commercial General | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.45 AC |
| Opportunity Zone |
Yes |
| Zoning | CG - Commercial General |
1 Lot Available
Lot
| Price | $549,932 CAD | Lot Size | 0.45 AC |
| Price Per AC | $1,230,272.94 CAD |
| Price | $549,932 CAD |
| Price Per AC | $1,230,272.94 CAD |
| Lot Size | 0.45 AC |
Property Taxes
| Parcel Number | 0279-112-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $68,443 CAD | Total Assessment | $68,443 CAD |
Property Taxes
Parcel Number
0279-112-01
Land Assessment
$68,443 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,443 CAD
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