Ruby Martinez - Country Air Properties Logo
$4,725,000
( $487.87Per Sq Foot )
 $25,365 forsale estimated payment Sourced by Back At You

390 E Hospitality Lane , San Bernardino, CA 92408

San Bernardino, CA 92408

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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.

Details

Mls24458785
Listing TypeFor Sale
SubtypeResale
StatusActive
Year1986
Days On Site44
Listing Provided ByeXp Realty of California Inc 888-584-9427 | Michael Earley

Features

Sq Feet9,685
Storys1
ZoningERW/
Acreage0.49

Market Activity 92408

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

Ruby Martinez

Ruby Martinez

Country Air Properties

01703200 (707) 262-2573Contact Me Form Link
StateCA
CountySan Bernardino
CitySan Bernardino
Zip Code92408
Area274 San Bernardino
Listing VS Median (in 92408)
Price:
$4,725,000
low | high
Med:
$584,900
100% of Average
SqFt:
9,685
low | high
Med:
1,280
100% of Average
$ / SqFt:
$488
low | high
Med:
$457
56.336698082011% of Average
On Site:
44
low | high
Med:
105.000000
41.904761904762% of Average
Sourced by Back At You
Listing Updated: December 9, 2024 at 5:45:17 PM PST

Ruby Martinez - Country Air Properties