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 usesRedevelopment & 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 landscapeMarket 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
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School Ratings & Info
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 usesRedevelopment & 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 landscapeMarket 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-17T00:29:34.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.