1481-1489 W Holt Ave - Restaurant FOR SALE


Pomona, CA 91768
$5,750,000 USD
909-973-5959
1481-1489 W Holt Ave, Pomona, CA for Sale
$5,750,000 USD
Restaurant - FOR SALE
1/18
null | Request Cap Rate

1481-1489 W Holt Ave
Pomona, CA 91768


HIGHLIGHTS

  • Heavy traffic exposure

OVERVIEW

Terrific and well maintained multii-use commercial property located on prime HOLT AVE. with high density traffic and exposure. POSSIBLE ZONING FOR MARIJUANA FACILITY. The TWO BUILDING property (over 5,687 sq ft) offers a FREE STANDING RESTAURANT W/DRIVE THRU (Ginza Bowl), and 4-5 private businesses ranging from a barber shop, insurance agency, beauty salon, and two vacant units used for storage. Lot size is 17,538 sq ft w/ample parking for all businesses/customers. Seller checked with city and this is A PRIME OPPORTUNITY TO ESTABLISH A MEDICAL MARIJUANA DISPENSARY. Unit Statistics: 1495 HOLT Restaurant is @2087 sq ft, pays $4,400/month and lease ends 2028. 1485 HOLT Barber Shop is @ 1200 sqft, lease ends in two years and pays $1,700 in 2025 and $1,800 in 2026, 1481 HOLT Insurance Company is @600 sq ft, pays $900/month, and is month-to-month, 1483 HOLT Beauty Salon is @600 sq ft, pays $850/month and is month-to-month. 1489-1491 HOLT are two Vacant units totalling 1,200 sq ft currently used as storage by owner. Owner Monthly Expenes: $213 Insurance, $150 water/sewer, $200 electricity for commons areas and parking lot, $200 Gardener. SELLER RECENT IMPROVEMENTS: Newer elastomeric roof coating for both buildings, new two unit Carrier a/c for 1200 sq ft barber shop, new water heater for restaurant, new LED Solar parking lot lighting, and new exterior paint thru out. FIXED ASSETS OF RESTAURANT: walk-in refrigerator walk-in freezer, grill, deep fryer, char broiler, state of the art hood/exhaust fan, globe meat and vegetable slicing machine, and Ice machine *******Offer subject to interior inspection. Please do not disturb tenants. Offer subject to interior inspection.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$981 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C4

APN/PARCEL ID

8357-017-078

ASK ABOUT THIS PROPERTY

Richard FurstenbergFurstenberg RealtyMore Info
909-973-5959

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Richard FurstenbergFurstenberg RealtyMore Info
909-973-5959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.