$475,000
$575,000
17.4%For more information regarding the value of a property, please contact us for a free consultation.
0.52 Acres Lot
SOLD DATE : 08/21/2024
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID JT24093006
Sold Date 08/21/24
HOA Y/N No
Lot Size 0.521 Acres
Property Description
STORAGE UNITS - 22 STORAGE UNITS TOTAL: Located in the heart of downtown Joshua Tree. Property is zoned for storage and units are permitted as storage units (buyer to investigate and confirm). Purchase includes a third vacant lot, for a total of three parcels on prestigious Park Blvd, which leads to the National Park. Purchase includes two buildings with 11 units in each building – 6 units are approximately 42’ deep by 9’ wide, and the other 5 units are approximately 20’ deep by 10’ wide. Second building has same configuration for a Total of 22-Storgage Units. Property has deferred maintenance and needs updating. For example, new security doors for each unit and interior drywall would vastly improve condition. Regardless of ROI, it would be difficult to impossible to find land zoned for storage units in popular Joshua Tree and then build 22-units of this size for the price this property is being sold for. To upgrade property and add more storage units without constructing more buildings, Buyer could possibly split the six approximately 42’ deep by 9’ wide units located in the building to the north by adding doors on the northside of the north building, opening onto the additional third vacant lot, to create twelve approximately 21’ deep by 9’ wide units (in place of the existing 42’ deep by 9’ wide units), thereby adding another 6-units for a total of 28-units. There is an electric meter behind the southern building. Note: Green lines demarcating boundaries in pictures are approximate. Buyer to complete their own Due Diligence regarding condition of buildings, permits and permits needed to create additional units. CASH ONLY. NO SELLER CARRY. NO CREATIVE FINANCING. CASH ONLY.
Location
State CA
County San Bernardino
Area Dc621 - Old Town West
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Building
Story 1
Water None
Others
Tax ID 0603224180000
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Bryan Wynwood • Joshua Tree Modern
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "