40696 Village Dr

40696 Village Dr , Big Bear Lake, California, 92315 | 2,264 sq.f | $ 1,950,000

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About This Restaurant

Investment Highlights

Executive Summary

Welcome to this stunning commercial building listing located in the desirable village of Big Bear Lake. With it's prime location and array of features, this property is sure to captivate your attention. This newer commercial restaurant building was completed in December 2021. AAA Location!!! Arguably, it is the finest location in the Southern California mountains. Currently occupied by an established full-service restaurant tenant, this rare one-of-a-kind opportunity offers a strong cap rate. The contemporary design includes a large sundeck with endless indoor outdoor seating. Gas fire pit and much more. Don't miss out on this opportunity to make this exceptional building your own.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    2,264
  • Building Class    C
  • Year Built    2021
  • Price    1,950,000
  • Price Per SF    861
  • Cap Rate    5.90
  • NOI    115,050
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.52
  • Land Acres    0.10 AC

Property Taxes

Parcel Number 0308-165-04 Improvements Assessment $115,899
Land Assessment $489,600 Total Assessment $605,499
Date Created: 2024-07-16 04:09:24 Last Updated: 2024-07-16 04:09:24
Address: 40696 Village Dr , Big Bear Lake, California, 92315