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Active
0 5th San Bernardino, CA 92410
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26089329
HOA Y/N No
Lot Size 0.293 Acres
Property Sub-Type Unimproved Land
Property Description
Location Advantages
- Located within a designated Opportunity Zone, offering potential tax advantages including capital gains deferral and long-term tax benefits, which may enhance overall project returns for investors and developers
- Less than 1.5 miles from San Bernardino International Airport, a major employment and logistics hub driving daytime population growth and increased demand for nearby retail and service uses
Redevelopment & Market Activity
- The former 900,000-SF Carousel Mall was demolished in late 2023, and the site is slated for a large-scale mixed-use redevelopment featuring approximately 2,000–3,500 residential units, along with complementary retail and office components.
- Significant redevelopment is reshaping the surrounding area and submarket landscape
Market Context
- Median household income remains below the Inland Empire average, supporting demand for affordable retail and service-oriented uses.
- Suitable for developers seeking early-entry land in a growing redevelopment corridor
- Located within a designated Opportunity Zone, offering potential tax advantages including capital gains deferral and long-term tax benefits, which may enhance overall project returns for investors and developers
- Less than 1.5 miles from San Bernardino International Airport, a major employment and logistics hub driving daytime population growth and increased demand for nearby retail and service uses
Redevelopment & Market Activity
- The former 900,000-SF Carousel Mall was demolished in late 2023, and the site is slated for a large-scale mixed-use redevelopment featuring approximately 2,000–3,500 residential units, along with complementary retail and office components.
- Significant redevelopment is reshaping the surrounding area and submarket landscape
Market Context
- Median household income remains below the Inland Empire average, supporting demand for affordable retail and service-oriented uses.
- Suitable for developers seeking early-entry land in a growing redevelopment corridor
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Building
Lot Description No Landscaping
Water None, Other
Others
Tax ID 0279082290000
Special Listing Condition Standard
Listed by Justin White Justin White 714.231.2537, DRE #01267826
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