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296 5th Ave 6,951 SF Retail Building Upland, CA 91786 $1,000,000 ($143.86/SF)
Investment Highlights
- Versatile ±6,951 SF commercial building suitable for multiple uses.
- Secured yard and covered storage provide added efficiency.
- Approximately 12 parking spaces offer convenient on-site access.
- 20-foot ceiling height enhances functional space and flexibility.
- Equipped with 400 amps of power for robust operational needs.
- Excellent freeway access near I-10 and I-15 with proximity to Downtown Upland.
Executive Summary
Discover a flexible ±6,951 SF commercial building situated at 296 5th Avenue in Upland, California. This property offers exceptional versatility, accommodating a variety of uses such as a gym/fitness facility, childcare center, or multi-family conversion. The building features a generous 20-foot ceiling height, secured yard, and covered storage area, making it ideal for both operational and expansion needs. Equipped with approximately 400 amps of power and 12 on-site parking spaces, the property supports both heavy and light service requirements. Its prime location provides close proximity to Downtown Upland, offering ease of access to amenities and services. Additionally, the site is strategically positioned near major transportation corridors, including the I-10 and I-15 freeways, ensuring excellent regional connectivity. This is an outstanding opportunity for investors or owner-users to secure a well-located asset with adaptable potential for diverse business or redevelopment plans.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,951 SF
Building Class
C
Year Built
1959
Price
$1,000,000
Price Per SF
$143.86
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.38
Lot Size
0.42 AC
Zoning
C-3 - Property is located within the Downtown specific plan, Multi - family- Senior housing opportunity.
PERMITTED USES INCLUDE GYMS, FITNESS AND WELLNESS.
Parking
12 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
205’ on 5th Ave
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1046-411-22 | Improvements Assessment | $775,098 |
| Land Assessment | $369,342 | Total Assessment | $1,144,440 |
Property Taxes
Parcel Number
1046-411-22
Land Assessment
$369,342
Improvements Assessment
$775,098
Total Assessment
$1,144,440
Contacts
-
Brian Melkesian -
Luke Melkesian -
Lee & Associates Commercial Real Estate Services
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