40645 Village Dr - Storefront Retail/Residential FOR SALE


Big Bear Lake, CA 92315
$1,450,000 USD
310-291-6466
40645 Village Dr, Big Bear Lake, CA for Sale
$1,450,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

40645 Village Dr
Big Bear Lake, CA 92315


HIGHLIGHTS

  • Gross Scheduled Income: $72,300
  • 2BD 2BTH Apartment Upstairs Monthly Rent: $2,375
  • The German Deli Monthly Rent: $3.650

OVERVIEW

Motivated seller! MIXED USE BLDG, PLUS PREPARED LOT WITH APPROVED BUILDING PLAN FOR ADDITIONAL 3 UNIT BUILDING. Prime Big Bear Lake is a mixed-use property in the heart of the Village. This property is located next door and in front of The Club, and across the street from the Holiday Inn Resort. The existing 3,100 sq. ft. building has been completely renovated. The Old German Deli eating and drinking establishment and a residential tenant occupy this building. The spectacular residential apartment with a partial lake view is fully furnished and includes 2 bedrooms & 2 baths with a cozy fireplace. In addition, there is a pre-construction graded lot and APPROVED BUILDING PLANS for a new 3-unit, 2 stories restaurant and residential building. Preliminary approval for separating the existing units and the newly approved building units into condominiums has been received from the City of Big Bear Lake. Condo map to be submitted. DEVELOPERS AND BUILDERS, DON'T MISS OUT ON ONE OF THE LAST BUILDABLE LOTS IN THE VILLAGE! Not zoned for short-term renting. Please do not bother the German deli for info. THE BUYER IS TO RECEIVE AN ACTUAL BUILDING PERMIT IN HAND!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PREPARED LOT WITH APPROVED BUILDING PLAN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Commercial

APN/PARCEL ID

0308-137-13

ASK ABOUT THIS PROPERTY

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310-291-6466

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Ime OduokEquity UnionMore Info
310-291-6466

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