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390 Hospitality Lane, San Bernardino, CA 92408
Priced at Only: $4,725,000
For more Information Call
Mobile: 714.478.6676
Address: 390 Hospitality Lane, San Bernardino, CA 92408
Property Photos
Property Location and Similar Properties
- MLS#: 24458785 ( )
- Street Address: 390 Hospitality Lane
- Viewed: 6
- Price: $4,725,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1986
- Bldg sqft: 0
- Days On Market: 56
- Additional Information
- County: SAN BERNARDINO
- City: San Bernardino
- Zipcode: 92408
- Provided by: eXp Realty of California Inc
- Contact: Michael Michael
- DMCA Notice
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DescriptionOffering 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.
Features
Anchors Cotenants
- Vacant
Building Area Total
- 9685.00
Construction Materials
- Stucco
Country
- US
Electric
- Heavy
Heating
- Zoned
Land Use
- Other
Laundry Features
- None
Parcel Number
- 0281372030000
Postalcodeplus4
- 3560
Roof
- Flat
- Mansard
- Shingle
- Tar/Gravel
- Common Roof
Security Features
- Carbon Monoxide Detector(s)
- Fire Sprinkler System
- Smoke Detector(s)
Water Source
- Public
Year Built
- 1986
Zoning
- ERW/
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com