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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#: HD23179804MLS LogoOriginating 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

    DateEventPrice
    5/1/2024Sold$32,500-83.8%
    Source: CRMLS #HD23179804
    12/18/2023Pending sale$200,000
    Source: CRMLS #HD23179804
    10/19/2023Listed for sale$200,000
    Source: CRMLS #HD23179804
    10/5/2023Pending sale$200,000
    Source: CRMLS #HD23179804
    9/26/2023Listed for sale$200,000
    Source: CRMLS #HD23179804

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92311

    Nearby schools

    GreatSchools rating