15483 7th Street,Victorville,San Bernardino,CommercialSale

Property Description

10,000sqft two story commercial building zoned Old Town Specific Plan within the Mixed-Use Retail District which provides for neighborhood commercial and residential mixed-use development. Retail uses are required along the ground-floor frontage of 7th Street and D Street. Office and/or residential uses are allowed behind or above as part of a Development Plan, incorporating horizontal mixed use to the extent feasible. There is potential to demise the 2nd floor into four (4) individual residential units thus creating tremendous upside. Specialty retail uses that promote Old Town’s historic Route 66 heritage are strongly encouraged. Currently the building has one first floor vacancy of ±900 – the other two first floor suites are leased month-to-month. One tenant leases the entire 2nd Floor and is month-to-month as well. Current gross annual income is $38,400.