40821 Village Drive,
Big Bear Lake CA, 92315
Description
MOST VISABLE COMMERCIAL LOCATION IN THE VILLAGE. 'Paoli's Italian Restaurant and Bar'. Zoned Commercial Retail, this 5,858 sq. ft. Commercial Building includes a spacious Restaurant with Full Kitchen and Bar, Retail Space (or additional Banquet Seating), 6 Residential Units and large Outside Patio Dining all on approx. 14,000 sq. ft. corner lot in one of the most Prime Commercial Locations in Big Bear. This Price includes the World Famous Paoli's Italian Restaurant NAME, all Furniture, Fixtures, Machinery, Equipment, Leasehold Improvements and Type 47 Liquor License all valued at "asset value" at only $150,000 (due to COVID). Attention Investors. Existing Residential Annual Income is approximately $31,200. Projected Commercial Retail/Restaurant Annual Income (based on approximately 4500 sq. ft. @ $2.00 per sq. ft. X 12 months) = $108,000. SPECIAL NOTE: Buyer of the Building/Restaurant has first right to purchase the 18,150 sq. ft. vacant lot at 705 Cameron for additional $200,000.
Details
| MLS# | 32005302 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $1 |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1940 |
| Days On Site | 118 |
Features
| SQ Feet | 5,858 |
|---|---|
| Story(s) | 1 |
Market Activity 92315
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Learn More About This Property
| Area Information | |
|---|---|
| State | CA |
| County | San Bernardino |
| City | Big Bear Lake |
| Zip Code | 92315 |
| Area | Big Bear Lake Central |
| Listing VS Median (in 92315) | |
Price: $1,500,000 low | high Med: $435,000 SqFt: 5,858 low | high Med: 1,920 $ / SqFt: $256 low | high Med: $227 On Site: 118 low | high Med: 623 | |
MLS Number: 32005302Listing Provided By:
Mike Dolan of Keller Williams Big Bear