$32,500
$200,000
83.8%For more information regarding the value of a property, please contact us for a free consultation.
1601 Riverside DR Barstow, CA 92311
36.3 Acres Lot
Key Details
Sold Price $32,500
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID HD23179804
Sold Date 05/01/24
HOA Y/N No
Lot Size 36.300 Acres
Property Description
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.
Location
State CA
County San Bernardino
Area Bstw - Barstow
Zoning Medium Density Residentia
Interior
Fireplace No
Exterior
Community Features Rural
Utilities Available Water Not Available
View Y/N No
View None
Building
Lot Description Irregular Lot
Water None
New Construction No
Others
Senior Community No
Tax ID 0424081480000
Acceptable Financing Submit
Listing Terms Submit
Financing Other
Special Listing Condition Standard
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Bought with Jason Lamoreaux • Coldwell Banker Commercial Rea