2.47 acres of commercial land for sale€¦ · 2.47 acres of commercial land for sale . description...

Vahak Agojian BRE# 01335480 626.241.8383

2.47 Acres of Commercial Land For Sale

Description

A +/- 2.5 acre development opportunity located in the city of San Bernardino with seller financing OAC. The subject property is a corner lot located on Highland and Cabrera with approximately 325 feet of street frontage. The property was used for RV storage but no longer in operation, but has great potential for various development applications. A portion of the property has a cell tower easement totaling approximately 2000 SF. and has the potential for additional cell towers to be added to generate residual income in the future as the use of cell phones increase in the area. There is a moratorium on cell towers in San Bernardino. The owner will also consider a long term ground lease. The city of San Bernardino will assist in the redevelopment and entitlement process

Recorded Easement (see supporting docs attached)

Executive Summary with ChartsHighland Development Prepared by Vahak Agojian1534 W Highland Ave, San Bernardino, California, 92411, Latitude: 34.136117793Rings: 1, 2, 3 mile radii Longitude: -117.3196895

1 mile 2 miles 3 milesPopulation

2000 Population 16,333 56,958 135,239

2010 Population 18,213 63,508 149,847

2013 Population 18,699 64,666 153,169

2018 Population 19,636 67,617 160,199

2000-2010 Annual Rate 1.10% 1.09% 1.03%

2010-2013 Annual Rate 0.81% 0.56% 0.68%

2013-2018 Annual Rate 0.98% 0.90% 0.90%2013 Male Population 48.9% 49.3% 49.2%2013 Female Population 51.1% 50.7% 50.8%2013 Median Age 27.8 27.5 27.8

In the identified area, the current year population is 153,169. In 2010, the Census count in the area was 149,847. The rate of change since2010 was 0.68% annually. The five-year projection for the population in the area is 160,199 representing a change of 0.90% annually from2012 to 2017. Currently, the population is 49.2% male and 50.8% female.

2000201020132018

Population

Year2000 2010 2013 2018

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

0

135,239k

149,847k 153,169k160,199k

Median Age

The median age in this area is 27.8, compared to U.S. median age of 37.3.

Race and Ethnicity2013 White Alone 35.6% 40.9% 43.2%

2013 Black Alone 17.2% 14.1% 14.1%2013 American Indian/Alaska Native Alone 1.6% 1.5% 1.4%2013 Asian Alone 2.6% 2.2% 2.5%2013 Pacific Islander Alone 0.5% 0.5% 0.4%2013 Other Race 37.6% 36.0% 33.4%2013 Two or More Races 5.0% 4.8% 5.0%2013 Hispanic Origin (Any Race) 71.3% 72.1% 68.8%

Persons of Hispanic origin represent 68.8% of the population in the identified area compared to 16.9% of the U.S. population. Persons ofHispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be fromdifferent race/ethnic groups, is 88.2 in the identified area, compared to 61.4 for the U.S. as a whole.

December 19, 2014

©2014 Esri Page 1 of 4

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography.


1 mile 2 miles 3 miles

HispanicTwo+OtherPacificAsianAm. IndBlackWhite

Race and Ethnicity 2013

Percent7065605550454035302520151050

Hispanic

Two+

Other

Pacific

Asian

Am. Ind

Black

White

68.8

5.0

33.4

0.4

2.5

1.4

14.1

43.2

Households

2000 Households 4,356 16,073 39,4852010 Households 4,604 16,725 40,9822013 Total Households 4,689 16,882 41,5422018 Total Households 4,901 17,591 43,2532000-2010 Annual Rate 0.56% 0.40% 0.37%2010-2013 Annual Rate 0.57% 0.29% 0.42%2013-2018 Annual Rate 0.89% 0.83% 0.81%2013 Average Household Size 3.94 3.77 3.62

The household count in this area has changed from 40,982 in 2010 to 41,542 in the current year, a change of 0.42% annually. The five-yearprojection of households is 43,253, a change of 0.81% annually from the current year total. Average household size is currently 3.62,compared to 3.58 in the year 2010. The number of families in the current year is 31,429 in the specified area.

2000201020132018

Households

Year2000 2010 2013 2018

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

39,485k40,982k 41,542k

43,253k

December 19, 2014




1 mile 2 miles 3 milesMedian Household Income

2013 Median Household Income $37,361 $36,325 $36,9802018 Median Household Income $39,209 $38,419 $39,1112013-2018 Annual Rate 0.97% 1.13% 1.13%

Average Household Income

2013 Average Household Income $46,096 $47,058 $48,1522018 Average Household Income $49,754 $51,874 $53,1492013-2018 Annual Rate 1.54% 1.97% 1.99%

Per Capita Income

2013 Per Capita Income $11,978 $12,601 $13,4412018 Per Capita Income $12,841 $13,785 $14,7062013-2018 Annual Rate 1.40% 1.81% 1.82%

Households by Income

Current median household income is $36,980 in the area, compared to $50,157 for all U.S. households. Median household income isprojected to be $39,111 in five years, compared to $56,895 for all U.S. households

Current average household income is $48,152 in this area, compared to $68,162 for all U.S households. Average household income isprojected to be $53,149 in five years, compared to $77,137 for all U.S. households

Current per capita income is $13,441 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected tobe $14,706 in five years, compared to $29,882 for all U.S. households

20132018

Median Household Income

Year2013 2018

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

36,980k39,111k

20132018

Average Household Income

Year2013 2018

60,000

55,000

50,000

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

48,152k

53,149k

20132018

Per Capita Income

Year2013 2018

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

13,441k14,706k

December 19, 2014




1 mile 2 miles 3 milesHousing

2000 Total Housing Units 4,859 18,334 44,5542000 Owner Occupied Housing Units 2,628 8,533 20,4412000 Owner Occupied Housing Units 1,727 7,540 19,0442000 Vacant Housing Units 504 2,261 5,069

2010 Total Housing Units 5,015 18,700 45,4952010 Owner Occupied Housing Units 2,607 8,288 20,1202010 Renter Occupied Housing Units 1,997 8,437 20,8622010 Vacant Housing Units 411 1,975 4,513



Currently, 42.2% of the 46,273 housing units in the area are owner occupied; 47.6%, renter occupied; and 10.2% are vacant. Currently, inthe U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, therewere 45,495 housing units in the area - 44.2% owner occupied, 45.9% renter occupied, and 9.9% vacant. The annual rate of change inhousing units since 2010 is 0.76%. Median home value in the area is $130,152, compared to a median home value of $167,749 for the U.S.In five years, median value is projected to change by 3.25% annually to $152,712.

December 19, 2014



Traffic Count MapHighland Development Prepared by Vahak Agojian1534 W Highland Ave, San Bernardino, California, 92411 Latitude: 34.136118Ring: 1, 2, 3 Miles Longitude: -117.31969

December 19, 2014

©2014 Esri

Source: ©2011 MPSI (Market Planning Solutions Inc.) Systems Inc. d.b.a. DataMetrix®

Business SummaryHighland Development Prepared by Vahak Agojian1534 W Highland Ave, San Bernardino, California, 92411, Latitude: 34.136117793Rings: 1, 2, 3 mile radii Longitude: -117.3196895

Data for all businesses in area 1 mile 2 miles 3 milesTotal Businesses: 456 1,491 4,489Total Employees: 3,169 8,760 35,826Total Residential Population: 18,699 64,666 153,169Employee/Residential Population Ratio: 0.17 0.14 0.23

Businesses Employees Businesses Employees Businesses Employees

by SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 9 2.0% 19 0.6% 27 1.8% 89 1.0% 72 1.6% 265 0.7%Construction 34 7.5% 134 4.2% 95 6.4% 405 4.6% 275 6.1% 1,100 3.1%Manufacturing 9 2.0% 35 1.1% 41 2.7% 250 2.9% 141 3.1% 1,944 5.4%Transportation 17 3.7% 59 1.9% 73 4.9% 350 4.0% 208 4.6% 1,450 4.0%Communication 4 0.9% 7 0.2% 14 0.9% 40 0.5% 40 0.9% 136 0.4%Utility 2 0.4% 4 0.1% 4 0.3% 24 0.3% 7 0.2% 110 0.3%Wholesale Trade 19 4.2% 216 6.8% 59 4.0% 401 4.6% 185 4.1% 1,548 4.3%

Retail Trade Summary 86 18.9% 733 23.1% 286 19.2% 1,600 18.3% 779 17.4% 4,553 12.7%Home Improvement 6 1.3% 168 5.3% 11 0.7% 184 2.1% 23 0.5% 215 0.6%General Merchandise Stores 2 0.4% 3 0.1% 8 0.5% 15 0.2% 18 0.4% 169 0.5%Food Stores 15 3.3% 282 8.9% 50 3.4% 401 4.6% 111 2.5% 1,099 3.1%Auto Dealers, Gas Stations, Auto Aftermarket 9 2.0% 65 2.1% 30 2.0% 181 2.1% 91 2.0% 509 1.4%Apparel & Accessory Stores 6 1.3% 37 1.2% 14 0.9% 53 0.6% 52 1.2% 168 0.5%Furniture & Home Furnishings 5 1.1% 7 0.2% 16 1.1% 27 0.3% 50 1.1% 127 0.4%Eating & Drinking Places 25 5.5% 118 3.7% 75 5.0% 470 5.4% 209 4.7% 1,450 4.0%Miscellaneous Retail 19 4.2% 53 1.7% 82 5.5% 269 3.1% 225 5.0% 816 2.3%

Finance, Insurance, Real Estate Summary 26 5.7% 72 2.3% 98 6.6% 333 3.8% 308 6.9% 1,308 3.7%Banks, Savings & Lending Institutions 3 0.7% 10 0.3% 14 0.9% 76 0.9% 44 1.0% 315 0.9%Securities Brokers 0 0.0% 0 0.0% 5 0.3% 13 0.1% 14 0.3% 79 0.2%Insurance Carriers & Agents 2 0.4% 4 0.1% 14 0.9% 54 0.6% 57 1.3% 236 0.7%Real Estate, Holding, Other Investment Offices 21 4.6% 58 1.8% 64 4.3% 191 2.2% 193 4.3% 678 1.9%

Services Summary 250 54.8% 1,797 56.7% 788 52.9% 4,975 56.8% 2,337 52.1% 15,382 42.9%Hotels & Lodging 6 1.3% 43 1.4% 10 0.7% 90 1.0% 27 0.6% 219 0.6%Automotive Services 25 5.5% 75 2.4% 73 4.9% 204 2.3% 195 4.3% 736 2.1%Motion Pictures & Amusements 8 1.8% 23 0.7% 29 1.9% 70 0.8% 89 2.0% 322 0.9%Health Services 39 8.6% 648 20.4% 107 7.2% 1,101 12.6% 344 7.7% 3,095 8.6%Legal Services 1 0.2% 1 0.0% 10 0.7% 30 0.3% 85 1.9% 353 1.0%Education Institutions & Libraries 17 3.7% 595 18.8% 38 2.5% 1,643 18.8% 119 2.7% 5,311 14.8%Other Services 154 33.8% 412 13.0% 521 34.9% 1,838 21.0% 1,477 32.9% 5,347 14.9%

Government 2 0.4% 93 2.9% 7 0.5% 292 3.3% 137 3.1% 8,031 22.4%

Totals 456 100% 3,169 100% 1,491 100% 8,760 100% 4,489 100% 35,826 100%

December 19, 2014


Source: Copyright 2013 Dun & Bradstreet, Inc. All rights reserved. Esri Total Residential Population forecasts for 2013.

Business SummaryHighland Development Prepared by Vahak Agojian1534 W Highland Ave, San Bernardino, California, 92411, Latitude: 34.136117793Rings: 1, 2, 3 mile radii Longitude: -117.3196895

Businesses Employees Businesses Employees Businesses Employees

by NAICS Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture, Forestry, Fishing & Hunting 1 0.2% 1 0.0% 2 0.1% 3 0.0% 5 0.1% 7 0.0%Mining 0 0.0% 0 0.0% 0 0.0% 18 0.2% 3 0.1% 56 0.2%Utilities 0 0.0% 0 0.0% 1 0.1% 9 0.1% 2 0.0% 75 0.2%Construction 35 7.7% 136 4.3% 96 6.4% 357 4.1% 281 6.3% 1,071 3.0%Manufacturing 9 2.0% 26 0.8% 44 3.0% 251 2.9% 159 3.5% 1,604 4.5%Wholesale Trade 19 4.2% 216 6.8% 59 4.0% 401 4.6% 184 4.1% 1,547 4.3%Retail Trade 60 13.2% 610 19.2% 202 13.5% 1,100 12.6% 549 12.2% 3,032 8.5%

Motor Vehicle & Parts Dealers 6 1.3% 46 1.5% 23 1.5% 139 1.6% 72 1.6% 407 1.1%Furniture & Home Furnishings Stores 5 1.1% 7 0.2% 10 0.7% 17 0.2% 27 0.6% 63 0.2%Electronics & Appliance Stores 1 0.2% 1 0.0% 8 0.5% 14 0.2% 27 0.6% 67 0.2%Bldg Material & Garden Equipment & Supplies Dealers 6 1.3% 168 5.3% 10 0.7% 179 2.0% 21 0.5% 207 0.6%Food & Beverage Stores 16 3.5% 288 9.1% 54 3.6% 400 4.6% 111 2.5% 1,091 3.0%Health & Personal Care Stores 4 0.9% 20 0.6% 13 0.9% 95 1.1% 42 0.9% 314 0.9%Gasoline Stations 3 0.7% 19 0.6% 6 0.4% 43 0.5% 20 0.4% 102 0.3%Clothing & Clothing Accessories Stores 8 1.8% 40 1.3% 19 1.3% 61 0.7% 65 1.4% 193 0.5%Sport Goods, Hobby, Book, & Music Stores 0 0.0% 1 0.0% 4 0.3% 13 0.1% 20 0.4% 74 0.2%General Merchandise Stores 2 0.4% 3 0.1% 8 0.5% 15 0.2% 18 0.4% 169 0.5%Miscellaneous Store Retailers 7 1.5% 8 0.3% 36 2.4% 101 1.2% 100 2.2% 293 0.8%Nonstore Retailers 2 0.4% 9 0.3% 10 0.7% 24 0.3% 26 0.6% 52 0.1%

Transportation & Warehousing 16 3.5% 57 1.8% 76 5.1% 349 4.0% 210 4.7% 1,492 4.2%Information 7 1.5% 30 0.9% 26 1.7% 87 1.0% 85 1.9% 847 2.4%Finance & Insurance 8 1.8% 22 0.7% 43 2.9% 161 1.8% 143 3.2% 739 2.1%

Central Bank/Credit Intermediation & Related Activities 3 0.7% 10 0.3% 16 1.1% 78 0.9% 48 1.1% 325 0.9%Securities, Commodity Contracts & Other Financial 3 0.7% 6 0.2% 11 0.7% 26 0.3% 36 0.8% 172 0.5%Insurance Carriers & Related Activities; Funds, Trusts & 2 0.4% 6 0.2% 15 1.0% 58 0.7% 59 1.3% 242 0.7%

Real Estate, Rental & Leasing 22 4.8% 66 2.1% 69 4.6% 247 2.8% 203 4.5% 742 2.1%Professional, Scientific & Tech Services 28 6.1% 50 1.6% 134 9.0% 337 3.8% 468 10.4% 1,335 3.7%

Legal Services 2 0.4% 2 0.1% 13 0.9% 33 0.4% 104 2.3% 381 1.1%Management of Companies & Enterprises 0 0.0% 0 0.0% 0 0.0% 0 0.0% 2 0.0% 4 0.0%Administrative & Support & Waste Management & Remediation 51 11.2% 91 2.9% 161 10.8% 660 7.5% 505 11.2% 1,842 5.1%Educational Services 16 3.5% 589 18.6% 39 2.6% 1,644 18.8% 116 2.6% 5,096 14.2%Health Care & Social Assistance 62 13.6% 758 23.9% 171 11.5% 1,410 16.1% 490 10.9% 4,073 11.4%Arts, Entertainment & Recreation 6 1.3% 16 0.5% 20 1.3% 47 0.5% 57 1.3% 242 0.7%Accommodation & Food Services 31 6.8% 161 5.1% 85 5.7% 560 6.4% 237 5.3% 1,674 4.7%

Accommodation 6 1.3% 43 1.4% 10 0.7% 90 1.0% 27 0.6% 219 0.6%Food Services & Drinking Places 25 5.5% 118 3.7% 75 5.0% 470 5.4% 211 4.7% 1,455 4.1%

Other Services (except Public Administration) 85 18.6% 249 7.9% 256 17.2% 826 9.4% 652 14.5% 2,231 6.2%Automotive Repair & Maintenance 23 5.0% 67 2.1% 59 4.0% 157 1.8% 160 3.6% 472 1.3%

Public Administration 2 0.4% 93 2.9% 7 0.5% 293 3.3% 139 3.1% 8,116 22.7%

Total 456 100% 3,169 100% 1,491 100% 8,760 100% 4,489 100% 35,826 100%

December 19, 2014


Source: Copyright 2013 Dun & Bradstreet, Inc. All rights reserved. Esri Total Residential Population forecasts for 2013.

2.47 acres of commercial land for sale€¦ · 2.47 acres of commercial land for sale . description...

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