1108-1224 West 2nd St 4 Retail Properties Offered at $16,112,000 in San Bernardino, CA

NAI Capital, represented by Lidia Talavera, is proud to present the exceptional opportunity to acquire La Placita Shopping Center, a well-positioned retail asset
located at 1184 W. 2nd Street in San Bernardino, California. Strategically anchored by Superior Grocers, one of the largest Hispanic grocery
chains in the Western U.S., La Placita spans approximately 85,915 square feet of gross leasable area across 8.1 acres. Originally constructed in 2008,
the property showcases attractive Spanish-style architecture, is professionally maintained, and features abundant on-site parking. La Placita sits directly
across from the San Bernardino Metrolink Station, which serves over 1 million riders annually, providing excellent transit-oriented visibility and accessibility.
Currently 67% leased, La Placita presents investors with a significant value-add opportunity through lease-up of the vacant junior anchor space, available shop
space, and two developable pad sites. The center offers strong repositioning potential, both in its current retail format and as a candidate for partial
redevelopment.
With Superior Grocers as its anchor—an expanding regional grocery chain with over 70 locations across California and recently expanding in Nevada, and a
recent acquisition of 22 Numero Uno Market stores- the center benefits from strong demographic alignment.
In addition to the shopping center, there is additional land that can be purchased for future redevelopment.
Redevelopment Potential
The west side of the property, which includes underutilized areas and a 2.88-acre parcel across the street, offers an outstanding opportunity for urban
infill redevelopment. Investors may choose to enhance the existing retail footprint or pursue a “Live, Work & Play” concept, integrating multifamily
residential and street-level retail to create a dynamic community hub. The City of San Bernardino has expressed support for such progressive development strategies, especially in transit-rich locations like La Placita.