Homes for sale - 390 E Hospitality Ln, San Bernardino, CA 92408

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Cheri' Benjamin

cherirbenjamin@gmail.com +1(404) 965-4080

$ 4,725,000

Est. payment -/mo

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Active

390 E Hospitality Ln San Bernardino, CA 92408

9,685 SqFt

UPDATED:

11/06/2024 08:40 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,685 sqft

Price per Sqft $487

MLS Listing ID 24-458785

Year Built 1986

Lot Size 0.490 Acres

Acres 0.49

Property Description

Offering Memorandum is available in the Docs File. Location and Accessibility. This premier property is located on E Hospitality Lane in San Bernardino, offering high visibility and unparalleled accessibility. Positioned near the intersection of Hospitality Lane and S. Waterman Ave, and visible from the I-10Freeway, it ensures a consistent flow of both local and visiting traffic. The vicinity is a bustling commercial hub, surrounded by a mix of office buildings, retail outlets, and residential developments, supporting a substantial customer base. Property Features * Dining Area: 236 dining capacity with expansive seating configuration designed to accommodate a significant number of customers comfortably. * Kitchen: State-of-the-art, fully equipped commercial-grade kitchen. * Bar Area: Contemporary bar setup with high-end finishes. with 62 capacity * ADA Compliance: Property meets all ADA standards with accessible entrances and restrooms.* Full Set of Plans Available.Financials* Asking Price: $4,725,000 / $22,000 mo. NNN * Lease Terms: Negotiable* Current Occupancy: Vacant Market Overview The San Bernardino dining sector is on the rise, fueled by an increasing demand for a variety of culinary experiences. Located in a high-traffic zone, this property is ideally positioned to capitalize on market growth. Area demographics reveal a median household income of $75,000 locally and $103,000 county-wide, with a population increase of 3% since 2020. Investment Highlights * Strategic Location: Situated in a high-traffic area, ensuring a steady influx of customers. * Turnkey Operation: The property is fully operational with essential equipment and upscale furnishings in place. * Growth Potential: Significant opportunities exist for revenue enhancement and business expansion. * Flexibility: The layout and zoning permit a diverse range of dining concepts, from upscale dining to casual eateries or themed restaurants. * This offering memorandum presents a compelling opportunity to acquire or lease a well-maintained and strategically located restaurant property with substantial growth potential in a dynamic commercial district ofSan Bernardino.

Location

State CA

County San Bernardino

Area San Bernardino

Zoning ERW/

Interior

Heating Zoned

Laundry None

Exterior

Roof Type Flat, Mansard, Shingle, Tar and Gravel, Common Roof

Building

Story 1

Water District

Structure Type Stucco

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of California Inc

Cheri' Benjamin

+1(404) 965-4080

Cheri' Benjamin

390 E Hospitality Ln San Bernardino, CA 92408

Key Details

Location

Interior

Exterior

Building

Others

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390 E Hospitality Ln