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324-336 WEST BASE LINE STREET, SAN BERNARDINO, CA 92410

Base Line Shopping Center

Price: 
Land Price / SF:
Year Built: 
APN: 

$5,450,000

$111

1966 / 2016

0145-244-28-0000
0145-244-23-0000
0145-244-22-0000
0145-244-21-0000

Building Area:
Land Area: 
Zoning:
Status: 

49,045 SF

246,465 SF

CG-1

Active

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Base Line Shopping Center is an ±49,045 sq. ft. neighborhood center on ±5.7 acres providing a near-term redevelopment opportunity with in-place cash flow. | The absence of CC&Rs and the existing multi-parcel site provides new ownership with the opportunity for future break-up sale strategy.

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Significant Redevelopment/Value-Add Opportunity With In-Place Cash Flow: 

  • Base Line Shopping Center is an ±49,045 sq. ft. neighborhood center on ±5.7 acres providing a near term redevelopment opportunity with in-place cash flow. 

  • Absence of CC&Rs and existing multi-parcel site provides new ownership with the opportunity for future break-up sale strategy. 

  • Significant capital improvements made to the roof, edifice and interior infrastructure of main anchor space. 

  • Prominent 40 ft. tall pylon sign on Base Line Street bolsters tenant visibility and branding opportunities. 

  • Attractive cost basis at $111 per sq. ft. (significantly below replacement cost). 

  • Existing leases provide new ownership with flexible landlord termination rights. 

  • Active liquor licenses held by both existing tenants. 

    Significant Upside Through Lease-Up of Developable Pads: 
     

  • ±68,000 sq. ft. outparcel provides new ownership with the flexibility to accommodate either a single or dual drive-thru configuration. 

  • Developable outparcel was formerly a sit-down restaurant with existing utilities to the site. 

  • Developable outparcel has three (3) existing curb-cuts that exclusively cater to the pad(s).

    Infill Neighborhood Site Within Densely Populated Community:
     

  • Site located in an Opportunity Zone and a Transit Overlay District Zone. 

  • First neighborhood shopping center upon exiting the 215-FWY and heading East along Base Line Street. 

  • Desirable site accessibility resulting from four (4) curb cuts on Base Line Street, two (2) curb cuts on Arrowhead Avenue, one (1) curb cut on D Street and exclusive loading area from 13th Street. 

  • Close proximity to 322 affordable housing units recently developed by institutional developer (National CORE). 

  • CG-1 zoning permits the construction of 266 or more units for senior citizen and senior congregate care housing. 

Base Line Shopping Center
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