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
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John Matukas

John Matukas

+1(323) 377-4961
$4,725,000
Est. payment /mo
9,685 SqFt
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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

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Listed by eXp Realty of California Inc

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John Matukas

+1(323) 377-4961

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