Property Description
Downtown Redlands Retail – For Sale
217–221 E State Street, Redlands, CA 92373
Income Property with Owner-User Potential
Welcome to 217–221 East State Street, a prime retail property located in the heart of historic downtown Redlands. Offered at $1,700,000, this asset is perfect for both investors and owner-users seeking visibility, foot traffic, and long-term upside in one of Southern California’s most livable downtown districts.
Property Highlights
Total Building Size: ±4,200 SF (Three units)
Vacancy: ±2,100 SF (Suite 221) – Available for lease or owner occupancy
Leased Units: Two fully leased suites under NNN agreements
Lot Size: 0.11 Acres
Projected Cap Rate: 7% (Pro Forma)
Walk Score: 94 – “Walker’s Paradise”
Upgraded in 2023 – Historic charm with modern functionality
Zoning: Downtown Transit Village Specific Plan
Flexible Occupancy Options
Suite 221 (±2,100 SF) is currently vacant, offering a unique opportunity for a buyer to occupy the space while collecting rental income from the other two tenants.
Alternatively, lease it up at $2.88 PSF NNN to maximize your cash flow and ROI.
SBA 504 Financing Eligible
This property may qualify for 90% financing under the SBA 504 program since the vacant space represents over 51% of the building. Perfect for owner-users looking to secure a long-term asset with minimal down payment.
Location Advantages
Located directly on State Street, this storefront benefits from heavy foot traffic, weekly Market Night exposure, and proximity to major downtown attractions and over 1,000 new housing units currently under development.
Contact Us
For more information, the full offering memorandum, and a video tour, please scan the QR code or reach out directly.
Own, occupy, or lease — this is the most flexible and strategic retail offering in Downtown Redlands today.
Features:
• Prime Location in downtown Redlands
• Fully leased with NNN (triple net) agreements
• High foot traffic area
• Upgraded with modern amenities
• Historical charm with economic stability
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Investment Highlights:
Discover the key benefits of investing in this prime retail property:
• Turnkey Investment: Fully leased with NNN agreements, ensuring a stable income stream.
• High Demand Market: Located in a thriving community with robust economic growth.
• Upgraded Property: Modern amenities combined with historic charm.
• Strategic Location: Easy access to major highways and transportation hubs, surrounded by popular shops and restaurants.
• LoopNet Site: https://rem.ax/217_E_State_St
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About Redlands:
Redlands is a vibrant and stable market with a growing population and strong economic development initiatives. The city’s commitment to preserving historical architecture and promoting local businesses makes it a sought-after destination for investors.
Nearby Attractions:
• San Bernardino Mountains
• Big Bear Lake
• Coachella Valley
• Redlands Bowl Summer Music Festival
• Redlands Market Night
• University of Redlands
• Smiley Library
• Kimberly Crest House & Gardens
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Get More Information:
For a detailed offering memorandum with rent roll and more information about this prime retail property, contact our brokers today. Don’t miss this exceptional investment opportunity in the heart of Redlands, CA!
📞 Contact us today to learn more and secure your place in Redlands' thriving market!
