BANKRUPTCY SALE SUBJECT-TO COURT CONFIRMATION & OVERBID
660 N. E STREET
SAN BERNARDINO, CA 92410
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
BRIAN PARSONS
Director, Keller Williams Realty
626.204.3390
Brian@theparsonsteamrealestate.com
Cal BRE #01712649
MATTHEW PETERS
Director, Keller Williams Realty
626.204.3390