909-917-2179
376 N 2nd Ave, Upland, CA for Sale
Freestanding - FOR SALE
1/76
null | Request Cap Rate

376 N 2nd Ave
Upland, CA 91786


HIGHLIGHTS

  • Financing on approved credit & financials
  • Rooftop dining offers Custom Retractable Roof system ceiling and glass walls all are motorized & open up electronically
  • New Commercial Grease Trap (cost 150k) for high traffic restaurant use already installed
  • City of Upland developing southern adjacent lot as an Out door Concert hall equivalent to Victoria Gardens out door concert hall
  • Private Commercial elevator

OVERVIEW

ASSUMABLE FINANCING - Motivated Seller, Bring all offers. Unique Opportunity: Own Iconic Upland Rooftop Restaurant & Event Hall Building Welcome to the extraordinary chance to own or lease a newly remodeled rooftop restaurant and event hall in Upland. This exceptional property boasts remote-controlled retractable glass walls and ceilings, making it perfect for a restaurant, event space, or any other city-approved venture. Financing options are available, pending credit approval and financial assessment. Outstanding Features: Rare opportunity to purchase or lease a renowned rooftop building in downtown Inland Empire. Located in the heart of Downtown Upland, this 7,200 SF property is fully equipped for a high-end restaurant. The first floor offers 3,600 sq ft with 12-foot ceilings, while the second story features 15-foot ceilings and a newly permitted rooftop addition with retractable glass walls and a modern retractable roofing system. With 24 feet of frontage and 150 feet facing the city's designated concert hall, it's incredibly visible. Convenient street parking and city-provided public parking options for patrons. Ideal for owner-users seeking to tap into city grants, benefit from high foot traffic, and reach a prime demographic. The building boasts a brand-new commercial elevator, updated wiring, electrical and plumbing systems, modern bathrooms, windows, HVAC, framing, flooring, and state-of-the-art retractable roofing systems. Essentially, it's a brand-new building, reconstructed in 2023, suitable for various retail uses, including restaurants and others approved by the city. Sale price: $2,750,000.00. Tenant/buyer is responsible for a triple net lease (NNN), encompassing all building expenses, tenant improvements (TI), maintenance, annual property taxes, insurance, and utilities.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

1046-393-03

ASK ABOUT THIS PROPERTY

Tony HermosilloMGR Real EstateMore Info
909-917-2179

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Tony HermosilloMGR Real EstateMore Info
909-917-2179

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