1550 E Washington Street
Colton, CA, 92324 $ 4,400,000
Baths0.0 Sq 20,882 Monthly Estimate*
$ 29,244
Listed by Keller Williams Legacy
Studio
for $4,400,000. This 20,882 square foot building was built in 1977 on a lot size of 1.1655.
Discover a rare opportunity to own a distinguished medical office building strategically located at 1550 E Washington St, Colton, CA 92324. Boasting a TRIPHASIC ELECTRIC TRANSFORMER which is necessary for certain medical equipment and a DIGITAL X-RAY machine, this building is well suited for medical use. Moreover, with an impressive 20,882 square feet of existing building space on a generous lot of 50,768 square feet with ample parking space, this property offers unparalleled potential for both current and future medical practitioners or investors who want to continue its current use or converting it into something else. Key Features: 1. Strategic Location: Situated in the heart of Colton, CA, this property enjoys proximity to esteemed medical institutions including Loma Linda University and Arrowhead Regional Medical Center, making it an ideal location for medical offices seeking high visibility and accessibility. 2. Expansion Opportunities: With a spacious lot and zoning permissions, the property presents an exceptional opportunity for expansion. The second floor, currently undeveloped, can be built out according the buyer's preference and specifications, allowing for further revenue generation and enhanced services. 3. Existing Infrastructure: Currently utilized as medical offices, as stated, the building features multiple tenant spaces equipped with essential amenities and equipment for healthcare professionals. The building while build in 1977 was extensively renovated in 2000 and also has a newer rooftop HVAC. 4. Transportation Access: Conveniently situated near major freeways including the 215, 10, 60, and 91, the property ensures easy access, facilitating seamless commuting from neighboring communities and beyond. 5. Versatile Usage: While ideally suited for medical offices, the property's adaptable layout and prime location also make it suitable for a variety of uses including general office spaces, specialized clinics, or potential residential conversion, catering to a diverse range of business or investment objectives. Ideal for: • Medical Offices • Specialty Clinics • Healthcare Services • Office Spaces • Potential Residential Conversion with the appropriate governmental approval • Investment Opportunities
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FeaturesGeneralHeating Central ForcedAir
Cooling CentralAir
Utilities CableAvailable ElectricityConnected PhoneConnected SewerConnected WaterConnected OverheadUtilities
Zoning General Commercial
Security Features SecuritySystem FireDetectionSystem FireSprinklerSystem SmokeDetectors
Exclusions Certain furniture and equipment
Year Built 1977
Property SubType Office
Business Type Medical MultiTenant ProfessionalOffice
County San Bernardino
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Building Features Elevators
Special Listing Conditions Standard
Status Active
Directions Exit 215 Freeway on Washington; go east on Washington St
City Colton
View Y/N N
Senior Community Y/N N
MLS Area 273 - Colton
Lot Size Square Feet 50768.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Washington
Listing Terms Cash CashtoNewLoan Item1031Exchange OwnerMayCarry
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 41
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Office
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ExteriorLot Features LotOver40000Sqft Landscaped Paved SprinklerSystem StreetLevel Walkstreet
Water Source Public
Lot Size Area 50768.0
Number of Buildings 1
Spa N
Building Area Total 20882.0
Lot Size Acres 1.1655
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByKeller Williams LegacyBroker
Affordability Calculator
- Monthly Principal & Interest
- $29,244
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Colton, CA
Average List Price $2,464,102
Percent of Sale Price 44%
About Colton, CA 53,700 Population
12% Since 2002
$ 43,929 Median Income
31.74 Median Age
43% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/9/2024 | $4,400,000 | -8.33% | Price Down |
2/28/2024 | $4,800,000 | | Listed Price |