Active

12036 Bartlett Avenue

Adelanto CA, 92301

$749,990


$202.81 per sqft

Active

3,698 sqft

Commercial

Built in 1950

Listed by Jeffrey Nyal with Coldwell Banker Home Source 760-242-6000

***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADU's to their properties. The new ADU LAW further expands the property's income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***

HD23150143

MLS ID

August 11, 2023

Listed

April 27, 2024

Updated

Map

12036 Bartlett Avenue
Adelanto CA, 92301

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Evaporative Cooling, Wall/Window Unit(s)


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

1.1 Acres


Lot Features

6-10 Units/Acre, Lot Over 40000 Sqft, Paved, Rectangular Lot, Street Level


Roof

Flat

Other Property Details

Area Name

ADL - Adelanto


Taxes

$1,229


Tax Frequency

Annually


Days on Market

260


Garage

No


Parking Total

20


View

No


County

San Bernardino


Water Source

Public


Pool

No


Buyer Agency Compensation

3%

Listing Contact: 760-242-6000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/27/2024 at 2:09 PM UTC

 

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