41656 Big Bear Blvd, Big Bear Lake, CA 92315
16,578 SF | 100% Leased | Retail Building | Big Bear Lake, CA 92315 | $3,200,000 ($193/SF) | 5% Cap Rate
For Sale
Active
Asking Price $3,200,000
- Property Type
-
Retail
- Square Feet
- 16,578 SF
- Price / Square Foot
- $193
Listing Contacts
Israel Barden
Property Overview
Incredible opportunity to purchase this prime income property on four adjacent parcels totalling 1.7 acres in SoCal’s number one tourist destination in the city of Big Bear Lake. Located on Big Bear Lakes busiest street. Over 330ft of frontage on busy thoroughfare between shopping centers and Village, blocks from Snow Summit and lake. Use is office, retail, residential, storage/parking. Multiple revenue streams. +/-4,000sf office building has 7 offices downstairs 1 and 5 offices upstairs. 13 units built in the 1950's to the 1990's. Attached 4,688sf retail space leased to long-term tenant. 3,660sf house with 240sf separate office. 1,100 square feet steel frame garage with two +/-12ft rolling doors and 500sf shed offer storage plus RV parking potential cash flow when converted to commercial use. Corner parcel is minimally improved with tenant in the 1,600sf and 800sf bldgs, vacant land in rear. Fourth lot across the street, behind the property is currently used for parking/storage with deal nearly in place to offer permanent parking to a major marina. Property presents investor opportunity to bring rents to market rate and develop land for high ROI. C-2 zoning allows for a variety of uses.
Property Details
- Year Built/Renovated
- 1959/2000
- Stories
- 2
- Property Subtype
- Freestanding, Vehicle Related, Storefront, Office/Residential
- Lot Size (sq. ft)
- 74,052 SF
Highlights
- On Big Bear Lake's Busiest Street
- Close proximity to Snow Summit, Bear Mountain Resort and the Lake
- Over 15,000 square feet is undeveloped
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