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525 E Yermo Road,  Yermo CA, 92398 (Commercial)

bath(s)
2,650 sqft
Status: Active
MLS#: 524417
1of
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Last Updated: 5/27/2020 5:15 PM
Description for 525 E Yermo Road Yermo, CA 92398
Located on the highly traveled East Yermo Road, this sale includes 4 total parcels: 0538-063-07 / 08 / 09 & 10; 0.76 Total Acres with 2 separate buildings for a total; of 5,350 Sq. Ft. Parcel 10: has a metal building that is 2,700 Sq. Ft. with an open space floor plan, a tall roll up door and a small fenced yard. The main building is 2,650 Sq. Ft. with a spacious garage, room for storage, 2 roll up doors, a large office space with a restroom inside and outside. The total Lot Dimensions are estimated at 241 Ft. x 141 Ft. Surrounded by residential property and other commercial businesses; this property has a consistent traffic flow. Located 0.36 miles southwest of the Interstate 15 on/off ramp which has a traffic flow of 42,000 vehicles passing by this location daily. This property is perfect for a mechanic shop, tow yard, storage and several other commercial uses. The property located across the street has plans to restore the existing structure and build a storage yard. The property is currently leased at $1632 per month for the next couples years with a small option to extend. This gives you an 8.42% cap rate based upon the purchase price.
Price
$220,000
San Bernardino
2 Half
2,650 (approx)
524417
Active
Description
Located on the highly traveled East Yermo Road, this sale includes 4 total parcels: 0538-063-07 / 08 / 09 & 10; 0.76 Total Acres with 2 separate buildings for a total; of 5,350 Sq. Ft. Parcel 10: has a metal building that is 2,700 Sq. Ft. with an open space floor plan, a tall roll up door and a small fenced yard. The main building is 2,650 Sq. Ft. with a spacious garage, room for storage, 2 roll up doors, a large office space with a restroom inside and outside. The total Lot Dimensions are estimated at 241 Ft. x 141 Ft. Surrounded by residential property and other commercial businesses; this property has a consistent traffic flow. Located 0.36 miles southwest of the Interstate 15 on/off ramp which has a traffic flow of 42,000 vehicles passing by this location daily. This property is perfect for a mechanic shop, tow yard, storage and several other commercial uses. The property located across the street has plans to restore the existing structure and build a storage yard. The property is currently leased at $1632 per month for the next couples years with a small option to extend. This gives you an 8.42% cap rate based upon the purchase price.
Listing Information
Property Type: Other
2 Half (Assessor)
2,650 (approx) $83.02 1950
Yes-4 spaces Block,Metal
Public
Neighborhood
Room Information
Bathrooms
2
Interior Features
Other
Evaporative
Other
Floor Covering: Other
Exterior / Lot Features
14 Garage Spaces, 4 Carport Spaces, 14 Parking Spaces,
Metal, Block
Metal, Composition
±241 ft. x ±141 ft.
Commercial
Driving Directions
from Barstow continue north on I-15 to Yermo and exit on Yermo Rd. Turn right and Drive 0.36 mi. southwest to 6th street and stop. Destination will be on the right.
Financial Considerations
Cash,Owner Will Carry,Submit
Listing Price History

Yermo Real Estate

Yermo is located in California. Yermo, California 92398 has a population of 1,130.

The median household income in Yermo, California 92398 is $47,520. The median household income for the surrounding county is $49,199 compared to the national median of $50,013. The median age of people living in Yermo 92398 is 34 years.

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Courtesy: James Langley - Rigel Capital
This content last refreshed on 5/27/2020 5:15 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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