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1840 Mentone Blvd
Mentone, CA 92359
Retail Property For Sale
Investment Highlights
- ProForma CAP Rate of 6.73% With a ProForma GRM of 11.07. Current CAP Rate of 5.89%.
- Recent Capital Improvements – Property features new roofs and septic system.
- Built-in Rent Growth – Liquor store tenant has 18 months remaining on lease with 5% annual rent escalations
- Dual Income Streams – Fully operational liquor and market alongside a detached residential unit.
- Prime Location along Highway 38 with great frontage.
- Upside through County-approved lot split. (Verbal Approval received)
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,267 SF
Building Class
C
Year Built
1952
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.22 AC
Zoning
CG-SCP
Parking
5 Spaces (2.21 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Fenced Lot
- Signage
Property Taxes
| Parcel Number | 0298-101-37 | Improvements Assessment | $173,890 |
| Land Assessment | $131,237 | Total Assessment | $305,127 |
Property Taxes
Parcel Number
0298-101-37
Land Assessment
$131,237
Improvements Assessment
$173,890
Total Assessment
$305,127
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