Sold for $32,500 on 05/01/24
Listing Provided by:
Kyle Vizzo DRE #02061917 kyle.vizzo@cbcinland.com,
Coldwell Banker Commercial Rea
Bought with: Coldwell Banker Commercial Rea
$32,500
1601 Riverside Dr, Barstow, CA 92311
--beds
--baths
36.3Acres
Unimproved Land
Built in ----
36.3 Acres Lot
$-- Zestimate®
$--/sqft
$1,431 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,431/mo
Zestimate® history
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What's special
Introducing an expansive 36.3-acre parcel in the heart of Barstow, strategically located with impressive frontage along the heavily trafficked I-15 Northbound corridor. Capitalize on the prominent visibility offered by TWO (2) established Lamar signs, already generating a substantial gross income of approximately $23,075 annually.
Highlighting the Financial Benefits:
Consistent Revenue Stream: This property boasts TWO prominent Lamar signs. These aren't just symbols of visibility; they are substantial revenue generators, producing an impressive gross income of approximately $23,075 annually. With such a steady income stream, you’re already benefiting before considering further development.
Frontage Along I-15 Northbound: The property's strategic location along the bustling I-15 Northbound ensures these Lamar signs capture the attention of thousands daily. The traffic volume along this corridor magnifies the potential for advertising returns and ensures a continual demand for advertising space.
Investment with Immediate Returns: While vacant land typically requires development to start generating income, this parcel breaks the norm. The established Lamar signs offer an immediate ROI, allowing you to reap financial rewards from day one.
Prime Location with Growth Potential: Though the spotlight here is the existing income, it's hard to overlook Barstow's growing appeal as a commercial junction. The region's growth could lead to increased advertising rates in the future, amplifying the property's income potential further.
Zillow last checked: 8 hours ago
Listing updated: May 02, 2024 at 08:39am
Listing Provided by:
Kyle Vizzo DRE #02061917 kyle.vizzo@cbcinland.com,
Coldwell Banker Commercial Rea
Bought with:
Jason Lamoreaux, DRE #01461062
Coldwell Banker Commercial Rea
Source: CRMLS,MLS#: HD23179804
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 36.30 Acres
- Features: Irregular Lot
Details
- Parcel number: 0424081480000
- Zoning: Medium Density Residentia
- Special conditions: Standard
Utilities & green energy
- Water: None
- Utilities for property: Water Not Available
Community & neighborhood
Community
- Community features: Rural
Location
- Region: Barstow
Other
Other facts
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2024 | Sold | $32,500-83.8% |
Source: | ||
| 12/18/2023 | Pending sale | $200,000 |
Source: | ||
| 10/19/2023 | Listed for sale | $200,000 |
Source: | ||
| 10/5/2023 | Pending sale | $200,000 |
Source: | ||
| 9/26/2023 | Listed for sale | $200,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92311
Nearby schools
GreatSchools rating
- 4/10Montara Elementary SchoolGrades: K-6Distance: 0.9 mi
- 2/10Barstow Junior High SchoolGrades: 7-8Distance: 1.2 mi
- 5/10Barstow High SchoolGrades: 9-12Distance: 1.9 mi