About 5th
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
