Description
Great investment opportunity with a potential to get 5% cap rate! Own this 2+ acres of land and restaurant space in the heart of the City of San Bernardino. This property is located in a highly visible area, adjacent to the I-10 freeway and close to the 215 freeway. A large number of vehicles pass the frontage on Waterman Avenue daily. The large pylon sign that is easily visible from the I-10 freeway. This is a prime location with many major retailers, hotels, offices and commercial centers nearby. The existing restaurant space was built in 2017, approximately 11,337 sqft with a maximum capacity of 342 persons, with a separate dining room for private events. There are ample parking spaces with 183 regular and 7 handicap parking spaces. The property comprises 2 parcels of land (APN 0281-061-30-0000 and 0281-061-32-0000) totaling 2.26 acres and is zoned CR3. Seller is selling the land, structure and improvements only and would like to have a long term NNN lease after the sale of the property. Please use 325 E Hospitality Ln San Bernardino, CA 92408 for navigation.
Location
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