5th, San Bernardino, CA 92410
- $180,000
- List Price
- $180,000
- Status
- ACTIVE
- MLS#
- PW26089329
- Lot Size
- 12,780
- Acres
- 0.29
- Lot Location
- No Landscaping
- Days on Market
- 94
- Property Type
- Commercial
- Property Sub Type
- Unimproved Land
Property Description
Location Advantages - Located within a designated Opportunity Zone, offering potential tax advantages including capital gains deferral and long-term tax benefits, which may enhance overall project returns for investors and developers - Less than 1.5 miles from San Bernardino International Airport, a major employment and logistics hub driving daytime population growth and increased demand for nearby retail and service uses Redevelopment & Market Activity - The former 900,000-SF Carousel Mall was demolished in late 2023, and the site is slated for a large-scale mixed-use redevelopment featuring approximately 2,000–3,500 residential units, along with complementary retail and office components. - Significant redevelopment is reshaping the surrounding area and submarket landscape Market Context - Median household income remains below the Inland Empire average, supporting demand for affordable retail and service-oriented uses. - Suitable for developers seeking early-entry land in a growing redevelopment corridor
Additional Information
- Water
- None, Other
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Justin White (thesbgbp@gmail.com) from Listing Office: Justin White.
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