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1811 N Waterman Ave 864 SF Office Building San Bernardino, CA 92404 $300,000 ($347.22/SF)

Investment Highlights
- The property is located approximately one block from St. Bernardine Medical Center and surrounding medical offices.
- Ten dedicated parking spaces are located at the rear of the property.
- North Waterman Avenue provides access to established healthcare and professional service businesses.
- The building was previously operated as a dental office and can be reconfigured for a variety of professional uses.
- The asset offers an opportunity for owner-users to renovate and customize the interior layout.
- The property is positioned within an established medical services corridor in San Bernardino.
Executive Summary
1811 N Waterman Ave presents an owner-user or value-add investment opportunity in San Bernardino's established medical corridor. Located approximately one block from St. Bernardine Medical Center, a 342-bed regional hospital, the property benefits from proximity to healthcare providers, medical offices, and related professional services that support ongoing demand for healthcare-oriented real estate.
Previously occupied as a dental office, the building offers an opportunity for a medical practitioner, healthcare professional, or investor to renovate and customize the space to meet specific operational needs. The property has experienced interior damage resulting from unauthorized occupancy and will require rehabilitation, including installation of a new electrical panel. For buyers seeking a lower basis entry point into a well-established healthcare district, the asset provides the flexibility to create a tailored office environment while adding value through improvements.
The site includes 10 dedicated rear parking spaces, supporting staff and visitor parking needs. Its location along North Waterman Avenue offers convenient access to surrounding medical facilities, neighborhood services, and major transportation routes serving the San Bernardino area. With seller financing unavailable, this offering is best suited for purchasers prepared to execute a renovation strategy and capitalize on the property's location within one of the area's recognized healthcare concentrations.
Previously occupied as a dental office, the building offers an opportunity for a medical practitioner, healthcare professional, or investor to renovate and customize the space to meet specific operational needs. The property has experienced interior damage resulting from unauthorized occupancy and will require rehabilitation, including installation of a new electrical panel. For buyers seeking a lower basis entry point into a well-established healthcare district, the asset provides the flexibility to create a tailored office environment while adding value through improvements.
The site includes 10 dedicated rear parking spaces, supporting staff and visitor parking needs. Its location along North Waterman Avenue offers convenient access to surrounding medical facilities, neighborhood services, and major transportation routes serving the San Bernardino area. With seller financing unavailable, this offering is best suited for purchasers prepared to execute a renovation strategy and capitalize on the property's location within one of the area's recognized healthcare concentrations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
864 SF
Building Class
C
Year Built
1954
Price
$300,000
Price Per SF
$347.22
Tenancy
Single
Building Height
1 Story
Typical Floor Size
864 SF
Building FAR
0.12
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
CO - Commercial Office - Allows medical and professional office uses
Parking
10 Spaces (8.3 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0147-021-23 | Improvements Assessment | $169,065 |
| Land Assessment | $61,200 | Total Assessment | $230,265 |
Property Taxes
Parcel Number
0147-021-23
Land Assessment
$61,200
Improvements Assessment
$169,065
Total Assessment
$230,265
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1811 N Waterman Ave
