12036 Bartlett AVE Active Save Request In-Person Tour Request Virtual Tour
Adelanto,CA 92301
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID HD23150143
HOA Y/N No
Year Built 1950
Annual Tax Amount $1,229
Tax Year 2023
Lot Size 1.100 Acres
Property Description
***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADU’s to their properties. The new ADU LAW further expands the property’s income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Heating Natural Gas
Cooling Evaporative Cooling,Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Utilities Available Sewer Available,Sewer Connected
Roof Type Flat
Present Use Commercial,Multi-Family
Total Parking Spaces 20
Building
Lot Description 6-10 Units/Acre,Lot Over 40000 Sqft,Paved,Rectangular Lot,Street Level
Story 1
Water Public
Others
Tax ID 0459164110000
Acceptable Financing Cash,Cash to New Loan,Owner May Carry,Submit
Listing Terms Cash,Cash to New Loan,Owner May Carry,Submit
Special Listing Condition Standard