CA > San Bernardino
San Bernardino, CA 92408,390 E Hospitality LN
San Bernardino, CA 92408,390 E Hospitality LN
San Bernardino, CA 92408,390 E Hospitality LN
San Bernardino, CA 92408,390 E Hospitality LN
San Bernardino, CA 92408,390 E Hospitality LN
San Bernardino, CA 92408,390 E Hospitality LN
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Mina (Jack) Meleka

Mina (Jack) Meleka

+1(562) 900-9701
$ 4,725,000
Est. payment | /mo

0.49 Acres Lot

Save
$ 4,725,000
Est. payment | /mo
Save

0.49 Acres Lot

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/

Rooms

Ensuite Laundry None

Interior

Laundry Location None

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

California Regional MLS (CRMLS)
Listed by Michael Earley • eXp Realty of California Inc
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 900-9701

jack@themelekagroup.com

California, USA

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390 E Hospitality LN