Description
Welcome to “The Fort”, a free-standing shopping and entertainment center located in the heart of Idyllwild. This is an incredible opportunity to acquire the fee simple interest in a 19 unit, 13,292 SQ FT property. Currently, 100% occupied, “The Fort” is a turnkey operation and stable investment that features long-term tenants with excellent payment history. The majority of the renters in the building are substantially under market rate. Since 2018, there have been over 200k documented updates and repairs to the building. Extensive improvements were recently completed, including the rehabilitation of multiple suites, plumbing and fire sprinkler retrofits as well as a new asphalt parking lot. The Net Operating Income, including property taxes, is over 227k annually. On a daily, there is consistent, heavy foot traffic through the building and around its parameter. The property is ideally situated within walking distance of breweries, restaurants, and wineries. Do not miss out on this tremendous opportunity to own Idyllwild's bustling village center!
Location
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Listing Agent: Matthew Bolen Courtesy of: Seven Gables Real Estate The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 6th February, 2023 9:25 PM (UTC)
