Listed by Michael Earley - DRE #00877967 - eXp Realty of California Inc 888-584-9427 Listing Courtesy of: DRE #01931321
$4,725,000 affordable loan icon Calculate Payment

390 Hospitality Lane San Bernardino, CA 92408

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General Commercial Residence
Beds
Baths
9,685 Sq. Ft.
0.49 Acre Lot

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Last updated on 11/15/2024 3:28 PM
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. Continue reading
MLS#
24458785
Property Type
General Commercial
Status
Year Built
1986
Square Feet
9,685 sq. ft
Lot Size
0.49

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Listed by Michael Earley - DRE #00877967 - eXp Realty of California Inc 888-584-9427 Listing Courtesy of: DRE #01931321
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/15/2024 3:28 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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