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Big Bear Lake Commercial Building 40585 Big Bear Blvd 3,150 SF 100% Leased Office Building Big Bear Lake, CA 92315 $1,103,315 CAD ($350.26 CAD/SF) 2.75% Cap Rate
Investment Highlights
- Four retail units are all currently rented, ensuring immediate income stability.
- Situated on a large 23,200-square-foot lot with commercial village retail zoning.
- Located on Big Bear Blvd, across from the lake and just two blocks from Big Bear Village, providing strong visibility and easy access.
- The property comprises three units of approximately 630 square feet each and one unit of about 1,260 square feet.
- All units feature air conditioning, and both building and units are reported to be in good condition.
- Leases transition to a month-to-month structure after November, giving future ownership flexible leasing options.
Executive Summary
This commercial property is situated on the busiest road in SoCals busiest tourist destination. Across the street from the lake and two blocks away from the Big bear Village. 4 units all currently rented. Large 23,200n square foot lot. Currently zoned commercial village retail. 3 630 square foot units and one 1,260 square foot unit. All in good condition. All units have air conditioning. Current rents are below market value. Leases will be month to month after November. All tenants would like to stay. Building is in good condition. Great opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,150 SF
Building Class
C
Year Built
1978
Price
$1,103,315 CAD
Price Per SF
$350.26 CAD
Cap Rate
2.75%
NOI
$30,379 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,150 SF
Building FAR
0.07
Lot Size
1.00 AC
Zoning
Village Specific - Village Specific
Parking
12 Spaces (3.81 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0308-144-20 | Improvements Assessment | $621,054 CAD |
| Land Assessment | $146,130 CAD | Total Assessment | $767,185 CAD |
Property Taxes
Parcel Number
0308-144-20
Land Assessment
$146,130 CAD
Improvements Assessment
$621,054 CAD
Total Assessment
$767,185 CAD
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Big Bear Lake Commercial Building | 40585 Big Bear Blvd
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