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7211 Joshua Lane

Yucca Valley, CA 92284
  • $779,800
  • STATUS: Active Under Contract
  • ON SITE: 73 Days
  • ID#: JT22076008
Under Contract
UPDATED: 15 min ago
$779,800
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1975
County:

School Ratings & Info

Listing Agent(s): Robert Armstrong of Green Real Estate Group (760-428-9595)


Description

Have you read the news? Almost every major newspaper and magazine has published an article on the boom in our Hi Desert communities. Our communities are growing with tourist and new business. This incredible opportunity should appeal to a broad range of tenants. Over 5,460+ square feet located just feet off the corner of State Highway 62 and State Highway 247 with easy access to both. Located behind Chase Bank. 10 units of office and retail space are fully rented. Seller has approved plans for an expansion to provide private bathrooms to each unit. Property is in great condition. As the name implies, there is a large courtyard in the center of this U-shaped building. What a great spot for a indoor/outdoor restaurant? Or just keep the current tenants and enjoy the cash flow. Offered at a 6.5% CAP rate. Rarely vacant, this is a great income generator. Owner may carry. Take the time to come and stand on this magnificent opportunity and see for yourself.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-27T23:26:43.34. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | Anvil Real Estate. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/127728035
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7211 Joshua Lane Yucca Valley, CA 92284

  • Price: $779,800
  • Status: Active Under Contract
  • On Site: 73 Days
  • Updated: 15 min ago
  • ID#: JT22076008
0
Beds
0
Baths
0
½ Baths
0.62
Acres
1975
Built
Neighborhood:
DC532 - Business District
County:
San Bernardino
Area:
DC532 - Business District
Property Description
Have you read the news? Almost every major newspaper and magazine has published an article on the boom in our Hi Desert communities. Our communities are growing with tourist and new business. This incredible opportunity should appeal to a broad range of tenants. Over 5,460+ square feet located just feet off the corner of State Highway 62 and State Highway 247 with easy access to both. Located behind Chase Bank. 10 units of office and retail space are fully rented. Seller has approved plans for an expansion to provide private bathrooms to each unit. Property is in great condition. As the name implies, there is a large courtyard in the center of this U-shaped building. What a great spot for a indoor/outdoor restaurant? Or just keep the current tenants and enjoy the cash flow. Offered at a 6.5% CAP rate. Rarely vacant, this is a great income generator. Owner may carry. Take the time to come and stand on this magnificent opportunity and see for yourself.
Exterior Features

Lot Features 11-15 Units/AcreDesert Front Open Parking Spaces 31 Parking Total 31 Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Current Financing None Electric Expense 2511 Gross Scheduled Income 60180 Insurance Expense 2454 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventionalOwner May Carry Net Operating Income 50583 Number Of Units Leased 10 Operating Expense 9597 Property Sub Type Mixed Use Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-27T23:26:43.34. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | Anvil Real Estate. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | Anvil Real Estate
23046 Avenida de la Carlota, Suite 600
Laguna Hills CA, 92653
Listing Agent(s): Robert Armstrong of Green Real Estate Group (760-428-9595)