507 S Mount Vernon Avenue, San Bernardino, CA 92410
Commercial property
Sold May 2024
Listing Agent: Jason Hong (DRE #00863293) · Listing Office: Team Spirit Realty · Contact: 213-500-7237 · Bought with: Jason Hong · Team Spirit Realty · MLS #RS21253095 · Source: CRMLS
About this commercial property
Back to Market!!! PRICE REDUCED Again and Again for a Quick Sale!!! Selling its Location, Location and Location!!! Excellent Corner Location with a possible Redevelopment opportunity which is located in the SE Corner of a busy Mt. Vernon Ave and Mill St. The building size is 3,104 sq.ft. on lot size 16,500sq.ft. with a ample parking spaces which is opposite side of McDonald's Hamburger on the same Mt. Vernon Ave. This property is for sale first time in the market in 40 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is expired and month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be expired during coming Aug. 2022. The unit D on Mill Street (With Green painted outside) was another restaurant, but it is no tenant now after the unit D was burned out inside only by a electric shock inside the unit D. The space of unit D is for buyer's choice about the future usage after repair it inside. There is a good chance of redevelopment/remodeling the property and making a chance of raising the monthly rent income increase to the curent market level. The seller is selling it as "As-Is and In Its Current Condition". It is easy to access to FWY 215 & 10, it also located near from the downtown of San Bernardino City.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history