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1601 Riverside Drive, Barstow, CA 92311
$32,500
1601 Riverside Drive, Barstow, CA 92311View this property at 1601 Riverside Drive, Barstow, CA 92311
1601 Riverside DriveBarstowCA92311
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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.
Full Property Details
Full Property Details for 1601 Riverside Dr
General
- Sold For: $32,500
- Status: Closed
- Type: Lots/Land
- MLS ID: HD23179804
- Added to Site: 245 day(s) ago
Location
- Area: BSTW - Barstow
- County: San Bernardino
- Development Name: BSTW - Barstow
- Driving Directions: Exit I-15 in Barstow at Main Street.
- Dist. to Beach: Buyer to verify (Miles)
Utilities
- Water: None
- Dist. to Water: Buyer to verify
Lot Features
- Property View: None
- Lot Size (Acres): 36.3
- Lot Size (Sq. Ft.): 1,581,228
- Lot Size Source: Assessor
- Zoning: Medium Density Residentia
- Lot Description: Rural
Financial Considerations
- Price Per Sq. Ft.: $.02
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
Listed by Coldwell Banker Commercial Rea, Kyle Vizzo
Sold by Coldwell Banker Commercial Rea, Jason Lamoreaux
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Schools
Schools serving 1601 Riverside Dr
School District:Barstow Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
801 S Muriel Dr, Barstow, CA 92311 | K-6 | 1 mi | |
1000 Armory Rd, Barstow, CA 92311 | 7-8 | 1.1 mi | |
430 S 1st Ave, Barstow, CA 92311 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1601 Riverside Dr
Date
Details
Price
Change
Source
5/01/2024
Sold
$32,500
-83.75%
MLS
9/26/2023
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1601 Riverside Drive, Barstow, CA 92311 (MLS# HD23179804) is a Lots/Land property that was sold at $32,500 on May 01, 2024. Want to learn more about 1601 Riverside Drive? Do you have questions about finding other Lots/Land real estate for sale in Barstow? You can browse all Barstow real estate or contact a Coldwell Banker agent to request more information.