Last Updated: 2/19/2017 11:55 AM
Description for 10591 Cherry Avenue Fontana, CA 92337
Location, Location, Location!!! Great opportunity for Investors or for anyone with a Business Development vision. Own a cash flow asset in the city of Fontana. Located right on Cherry Avenue, easy access to I-10, close to 15 & 60 Freeways. Currently Leased to two Businesses for a total yearly Income of $70,800, with Low expenses. The third Business belongs to the owner, which can generate additional Income. For over 30 years this location has been used for Auto Body & Paint Shop, Smog Check Station and Auto Transport companies. Must see to appreciate! There are Lots of Income Potential here for additional business leases. There are close to 10, 000 square feet of buildings & car ports, parking lot is paved, 5 roll-up doors, 3 office spaces, mature landscape, very clean & well kept. The property is being Sold in As-IS Present Condition, the Value is mostly on the Land and Great Location. Seller will include with a Full Offer the following: Permitted Spray Booth, Frame Machine, new 5 HP Compressor. Buyers to verify Zoning, permits, Use, Licence requirements, square footage with the city of Fontana to their contractual satisfaction.
Exterior / Lot Features
Current market conditions for 10591 Cherry Avenue
Active Market Trends
Median list price$372,450
Days on market92
Properties for sale314
Sold Market Trends
Median sold price$345,000
Sales to list price9,925.0%
Median sq ft price$205
Arrows indicate 90 day trend
Listing Price History for 10591 Cherry Avenue
Fontana Real Estate
Fontana is located in California. Fontana, California 92337 has a population of 196,129.
The median household income in Fontana, California 92337 is $64,195. The median household income for the surrounding county is $54,750 compared to the national median of $53,046. The median age of people living in Fontana 92337 is 28.6 years.
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