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502 W 6th St 8,000 SF Retail Building Beaumont, CA 92223 $1,000,000 ($125/SF) 9.74% Cap Rate
Investment Highlights
- Reduced price!!!! Prime corner location with direct I-10 freeway access
- Located in a growing corridor between Riverside and Palm Springs
- High visibility with strong daily traffic counts
- Seller financing available with competitive terms !!!
- Ideal for tire retail, fueling, and service operations
Executive Summary
Includes: Main building, themed “Ghost Town” area, fixtures, and optional billboard rights
Seller Financing: Available at one point below prime for commercial loans with a $500,000 down payment
Current Income: $6,000/month in assumable lease income
Optional Add-On: Two billboard rightsTwo adjacent parcels (8,000 sq. ft. each) available for purchase .
This unique commercial property in Beaumont offers a rare blend of income-producing real estate and themed entertainment potential. The main building spans approximately 7,797 sq. ft. on a 21,209 sq. ft. lot (Parcel 47043007-6), with a standout 5,600 sq. ft. “Ghost Town” area featuring 16 custom façade structures. The site is fully connected to city water and sewer and includes a gated parking lot and recently upgraded front parking.
Security and operational features include a 9-camera surveillance system, panic button linked to emergency services, provided by Jadtex Alarm Co. . The restroom includes a shower, and the property is equipped with 88 USPS-approved mailboxes with transferable qualifications.
The City of Beaumont is actively supporting business growth and currently offers grants up to $50,000 for qualifying owners, making this an ideal opportunity for entrepreneurs or investors seeking a creative, income-generating asset.
Seller Financing: Available at one point below prime for commercial loans with a $500,000 down payment
Current Income: $6,000/month in assumable lease income
Optional Add-On: Two billboard rightsTwo adjacent parcels (8,000 sq. ft. each) available for purchase .
This unique commercial property in Beaumont offers a rare blend of income-producing real estate and themed entertainment potential. The main building spans approximately 7,797 sq. ft. on a 21,209 sq. ft. lot (Parcel 47043007-6), with a standout 5,600 sq. ft. “Ghost Town” area featuring 16 custom façade structures. The site is fully connected to city water and sewer and includes a gated parking lot and recently upgraded front parking.
Security and operational features include a 9-camera surveillance system, panic button linked to emergency services, provided by Jadtex Alarm Co. . The restroom includes a shower, and the property is equipped with 88 USPS-approved mailboxes with transferable qualifications.
The City of Beaumont is actively supporting business growth and currently offers grants up to $50,000 for qualifying owners, making this an ideal opportunity for entrepreneurs or investors seeking a creative, income-generating asset.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
1959
Price
$1,000,000
Price Per SF
$125
Cap Rate
9.74%
NOI
$97,401
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.31 AC
Zoning
M1 - Lot of 13,504 SF. COMMERCIAL CORNER WITH AN 8000 SQ.FT. BUILDING
Parking
19 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
167’ on E 6th St
Amenities
- 24 Hour Access
- Freeway Visibility
- Signage
- Enclosed Mall
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 417-043-007 | Improvements Assessment | $475,314 |
| Land Assessment | $117,077 | Total Assessment | $592,391 |
Property Taxes
Parcel Number
417-043-007
Land Assessment
$117,077
Improvements Assessment
$475,314
Total Assessment
$592,391
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502 W 6th St
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