Fontana, CA 92335,17050 Foothill BLVD
Fontana, CA 92335,17050 Foothill BLVD
Fontana, CA 92335,17050 Foothill BLVD
Fontana, CA 92335,17050 Foothill BLVD
Fontana, CA 92335,17050 Foothill BLVD
Fontana, CA 92335,17050 Foothill BLVD
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$2,950,000

$3,225,000

8.5%
Est.Price: ?

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Est. payment /mo

13,039 SqFt


SOLD DATE : 08/09/2024

Key Details

Sold Price $2,950,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 13,039 sqft

Price per Sqft $226

MLS Listing ID CV23198907

Sold Date 08/09/24

HOA Y/N No

Year Built 1960

Lot Size 1.340 Acres

Acres 1.34

Property Description

Excellent Owner Occupy Opportunity or Investment. Auto Dealership / Auto Repair Buildings. Class C, Retail, Auto dealership/Auto Repair Property with Improvements located in the Airport Area Submarket. Close to I-210 FWY, I-10 FWY, I-15 FWY and I-215 FWY. Near Metro Link, SB Amtrak and Ontario International Airport. Excellent Location. Foothill Traffic Counts 32,426 as of 2022 per CoStar TrafficMetrix. Rentable Buildings of 13,426 SF on a site lot totaling 58,370 SF or 1.34 Acres. Located in Prime North Fontana Commercial Strip on Foothill Blvd. Currently 61% Owner-occupied and 39% Tenant-occupied with mo/mo tenancy and has an analyzed occupancy of 100% which is above the stabilized occupancy level estimate of 95%.
Property boast ample Auto Sales Lot, Open Sales Showroom, Plenty of Office Space, Multiple Repair Buildings and Multiple Repair Bays equipped for an array of repair services including 6 hydraulic car lifts and bays for Suspension and Alignment. The Property has received new paint, new flooring and a new block wall in the back parking lot under current owner. Estimated improvement are $60,000 per owner. Property has a CUP (Conditional Use Permit) (#96-003) in place. CUP is transferable in event of sale (Buyer to verify with City) Therefore, the property represents a legal nonconforming use of the site,as improved. Inland Empire is trending favorably in Consumer Spending due to above-average job and population growth over the past three years. Source:CoStar Inland Empire Retail Market Report, 9/12/2023

Location

State CA

County San Bernardino

Area 264 - Fontana

Zoning Typical Commercial

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Building

Lot Description Lot Over 40000 Sqft, Near Public Transit, Street Level

Story 1

Water Public

Others

Tax ID 0190201200000

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Fernando Reza • KELLER WILLIAMS COVINA • 626-388-5518
Bought with JEHAD ABDALLAH • EMAAR ENTERPRISE
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

 

Scott Greenspan 

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

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