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15483 Seventh St
Victorville, CA 92395
Two Story Commercial Building · Office Property For Sale
Investment Highlights
- Ground-floor frontage of 7th Street and D Street
- Mixed-Use Retail District
Executive Summary
10,000sqft two story commercial building zoned Old Town Specific Plan within the Mixed-Use Retail District which provides for neighborhood commercial and residential mixed-use development. Retail uses are required along the ground-floor frontage of 7th Street and D Street. Office and/or residential uses are allowed behind or above as part of a Development Plan, incorporating horizontal mixed use to the extent feasible. There is potential to demise the 2nd floor into four (4) individual residential units thus creating tremendous upside. Specialty retail uses that promote Old Town's historic Route 66 heritage are strongly encouraged. Currently the building is leased to three tenants on the ground floor and one tenant on the 2nd floor all on a month to month - current gross annual income is $38,400.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,000 SF
Building Class
C
Year Built
1925
Price
$650,000
Price Per SF
$65
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
14’
Building FAR
1.43
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Multi-Tenant Commercial - Multi-Tenant Commercial
Parking
15 Spaces (1.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 0478-105-17 | Improvements Assessment | $186,076 |
| Land Assessment | $49,972 | Total Assessment | $236,048 |
Property Taxes
Parcel Number
0478-105-17
Land Assessment
$49,972
Improvements Assessment
$186,076
Total Assessment
$236,048
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