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6979 Palm Ave 7,820 SF 100% Leased Retail Building Highland, CA 92346 $2,051,816 CAD ($262.38 CAD/SF)



INVESTMENT HIGHLIGHTS
- Conveniently located near the 210 FWY and CA-330 FWY
- 2 miles from Yaamava Resort & Casino
EXECUTIVE SUMMARY
Ideal Owner/User - Income Generating Investment - Development Opportunity in the expanding city of Highland. The sale consists of the three following properties APN: 1200-351-06-0000(6979 Palm Ave.) which includes a Church building of approximately 6,820 square feet on approximately 20,000 square feet lot size. This includes a large sanctuary with high ceilings & wood beams, multiple classrooms, kitchenette, fellowship hall, and large open grounds to create a community playground or garden. It's currently rental income. There are two Tenants paying a total of $7,184.00 per month. Approximately 3,735 square feet will be available for immediate occupancy within 6 months. APN: 1200-361-01-0000 is approximately 7,350 square feet of land, APN: 1200-361-28-0000(27320 Fisher St.) is approximately 8,402 square feet of land. The subject property is conveniently located near the 210 FWY that travels East/ West and CA-330 FWY that travels north into Big Bear. Additionally, this property is less than 2 miles from Yaamava Resort & Casino. The site is only 45 minutes from Palm Springs. The property is located near a busy retail corridor of Palm Avenue and Base Line Street.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,820 SF
Building Class
C
Year Built
1952
Price
$2,051,816 CAD
Price Per SF
$262.38 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.83 AC
Zoning
C2 - OP: Office Professional
Parking
20 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
184’ on Palm Ave
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1200-351-06 | Improvements Assessment | $1,097,873 CAD |
| Land Assessment | $263,489 CAD | Total Assessment | $1,361,362 CAD |
PROPERTY TAXES
Parcel Number
1200-351-06
Land Assessment
$263,489 CAD
Improvements Assessment
$1,097,873 CAD
Total Assessment
$1,361,362 CAD
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6979 Palm Ave
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