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950 Calimesa Blvd 650 SF Vacant Retail Building Calimesa, CA 92320 $900,000 ($1,384.62/SF) 3.50% Cap Rate
EXECUTIVE SUMMARY
Prime location in the "downtown" section of Calimesa. Great Redevelopment and Investment opportunity. Seller has site plans and elevations (design review documents) for the development of a drive through restaurant and two additional commercial buildings (total of 7,094 SF) at the property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
650 SF
Building Class
C
Year Built
1960
Price
$900,000
Price Per SF
$1,384.62
Cap Rate
3.50%
NOI
$31,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
0.84 AC
Zoning
Commercial - General Commercial Downtown
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 411-080-008 | Improvements Assessment | $121,182 |
| Land Assessment | $505,148 | Total Assessment | $626,330 |
PROPERTY TAXES
Parcel Number
411-080-008
Land Assessment
$505,148
Improvements Assessment
$121,182
Total Assessment
$626,330
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950 Calimesa Blvd
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