5th, San Bernardino, CA 92410
Property Details
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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
LISTING AGENT: Agent: Justin White | Office: Justin White | Phone: 7142312537 | Email: [email protected]
LISTING INFORMATION: MLS#: PW26089329 | Status: FOR SALE
Location
Address
5th
City
San Bernardino
Features and Finishes
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