385 N Park Ave - Storefront FOR SALE


Pomona, CA 91768
$750,000 USD
323-273-1457
385 N Park Ave, Pomona, CA for Sale
$750,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

385 N Park Ave
Pomona, CA 91768


HIGHLIGHTS

  • Fully Renovated Retail Asset
  • Upscale Cigar Lounge Buildout
  • Strong Visibility Location

OVERVIEW

385 N Park Ave, Pomona, CA 91768 is a fully renovated 1,710 SF freestanding retail building situated on a 5,582 SF lot, offered at $750,000. The property is currently operating as a newly established, upscale cigar lounge and has undergone extensive interior and exterior renovations, delivering a modern, high-end, turnkey space ideal for retail, lounge, or specialty use. This opportunity is well-suited for both investors and owner-users. Ownership is willing to execute a leaseback at $2.50/SF MG, generating approximately $51,300 in annual gross income and $41,326 in net operating income, equating to an attractive 5.51% cap rate at the asking price. The lease includes 3% annual increases, providing steady income growth and long-term upside. Alternatively, the property can be delivered vacant at closing for an owner-user seeking a fully built-out, high-image location. With minimal deferred maintenance, strong curb appeal, and flexible occupancy, this asset offers a compelling combination of stable cash flow, rental growth, and owner-user optionality in a growing Pomona corridor.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,580 SF

ZONING

M1

APN/PARCEL ID

8340-029-001

ASK ABOUT THIS PROPERTY

Reyes MejiaRealty Group AdvisorsMore Info
323-273-1457

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Reyes MejiaRealty Group AdvisorsMore Info
323-273-1457

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