BANKRUPTCY SALE SUBJECT-TO COURT CONFIRMATION & OVERBID

660 N. E STREET

SAN BERNARDINO, CA 92410

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OFFERING METRICS

LISTING PRICE

$1,500,000

BUILDING SF

±59,983

LOT ACRES

±1.894

PRICE PER SF

$25

PRICE PER UNIT

$16,667

PROPERTY OVERVIEW

Located on North E Street in San Bernardino, California, this office structure is currently offered in shell condition with ±59,983 SF structure on a ±82,503 SF lot. Allowable uses for the site include office, retail, industrial, and multi-family. Offered in a qualified opportunity zone, a new investor will have the opportunity to develop, hold, and sell with incredible tax savings.

 

As a multi-family development, the land is zoned for 47 units per acre (prior to any state density bonuses) and 130 senior housing units per acre (subject-to a conditional use permit).

 

With the asset’s current offering of an asset in shell condition, a developer has a wide array of options with the redevelopment of the existing structure or scraping the structure and rebuilding a new structure from the ground-up.

 

The property sits within easy access to the 215 Freeway, Seccombe Lake Park, Indian Springs High School, San Bernardino Police Departments, El Super, and Ontario International Airport.

 

OPPORTUNITY HIGHLIGHTS

  • Vacant structure offered in shell condition-built in 1955
     

  • Located in Qualified Opportunity Zone
     

  • 47 unit per acre of development potential-Up to 90 units prior to CA state density bonuses
     

  • Zoning of CR-2

  • Located in a strong location with high traffic counts
     

  • ±59,983 SF structure on a ±1.894 AC lot
     

  • Offered well below replacement cost
     

  • San Bernardino offers a multi-family vacancy rate of approximately 5%

 

LOCATION MAP

 

CONTACTS

CASEY PICARD
Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866

BRIAN PARSONS
Director, Keller Williams Realty

626.204.3390

Brian@theparsonsteamrealestate.com

Cal BRE #01712649

MATTHEW PETERS

Director, Keller Williams Realty

626.204.3390

Matt@theparsonsteamrealestate.com

Cal BRE #01984989