318 S Pico Avenue, San Jacinto, CA 92583
Commercial property · 2 recorded sales since 2018
Sold July 2018
Listing Agent: BLAKE TORGERSON (DRE #01919955) · Listing Office: MARCUS & MILLICHAP · Contact: 909-456-3400 · Bought with: JOSE GUTIERREZ · VILLAGE REALTORS · MLS #CV18072424 · Source: CRMLS
About this commercial property
SELLER IS MOTIVATED TO MOVE THE ASSET.... MAJOR PRICE REDUCTION.... WILL TO ALL REASONABLE OFFERS.... BRING YOUR OFFERS ASAP We are pleased to exclusively present this ideal owner/user or investment opportunity consisting of two retail spaces and four apartment units located in Downtown San Jacinto, California. This value-added investment provides an opportunity for an owner/user or an investor to acquire a very unique retail/residential property with the ability to reposition and/or occupy a portion of the subject property. An owner/user may also be able to obtain favorable Small Business Administration (SBA) financing. Effectively, it may be more economical to own the restaurant building rather than lease space considering today's low interest rates and the potential tax advantages of real estate ownership. Furthermore, an investor has an excellent opportunity to utilize the property as an "Airbnb" with the property's close proximity to Saboba Casino and lack of hotels in the area. The property is currently comprised of two retail spaces (currently occupied by a restaurant and a beauty salon) totaling approximately 2,300 square feet of rentable space, and four apartment units (two two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units) totaling approximately 3,000 square feet of additional rentable space. The property is centrally located within San Jacinto's Downtown corridor where Ramona Blvd, Main Street, and San Jacinto Avenue intersect.
Listing description from the July 2018 sale, as reported to CRMLS.
Sale history
