$ 4,725,000
390 E Hospitality LN San Bernardino, CA 92408
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$ 4,725,000
Est. payment /mo
Active
390 E Hospitality LN San Bernardino, CA 92408
0.49 Acres Lot
UPDATED:
11/06/2024 09:55 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24458785
HOA Y/N No
Year Built 1986
Lot Size 0.490 Acres
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 274 - San Bernardino
Zoning ERW/
Interior
Heating Zoned
Fireplace No
Laundry None
Exterior
Roof Type Common Roof,Flat,Mansard,Shingle,Tar/Gravel
Building
Lot Description Near Public Transit, Sprinkler System
Story 1
Water Public
Others
Tax ID 0281372030000
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
Listed by Michael Earley • eXp Realty of California Inc