1481-1489 W Holt Ave

Investment Highlights

Heavy Traffic, , free standing restuarant with drive thru Medical Marijuana Dispensary possibilities

Executive Summary

Terrific and well maintained multi-use commercial property located on prime HOLT AVE. with high density traffic and exposure. The TWO BUILDING property (over 5,687 sq ft) offers a FREE STANDING RESTAURANT W/DRIVE THRU (Ginza Bowl), and 4-5 private businesses ranging from a barber shop, insurance agency, beauty salon, and two VACANT units used for storage. Lot size is 17,538 sq ft w/ample parking for all businesses/customers (18 spaces). Seller checked with City of Pomona and this is A PRIME OPPORTUNITY TO ESTABLISH A MEDICAL MARIJUANA DISPENSARY. Unit Statistics: 1495 HOLT Restaurant is @2087 sq ft, pays $4,400/month and lease ends 2028. 1485 HOLT Barber Shop is @ 1200 sqft, pays $1,600/month and lease ends Feb 2025, 1481 HOLT Insurance Company is @600 sq ft, pays $900/month, and is month-to-month, 1483 HOLT Beauty Salon is @600 sq ft, pays $850/month and is month-to-month. 1489-1491 HOLT are two Vacant units totaling 1,200 sq ft currently used as storage by owner. Owner Monthly Expenses: $213 Insurance, $150 water/sewer, $200 electricity for commons areas and parking lot, $200 Gardener. SELLER RECENT IMPROVEMENTS: Newer elastomeric roof coating for both buildings, new two unit Carrier a/c for 1200 sq ft barber shop, new water heater for restaurant, new LED Solar parking lot lighting, and new exterior paint thru out. FIXED ASSETS OF RESTAURANT: walk-in refrigerator walk-in freezer, grill, deep fryer, char broiler, state of the art hood/exhaust fan, globe meat and vegetable slicing machine, and Ice machine *******Offer subject to interior inspection. Please do not disturb tenants.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding General Retail Storefront Retail/Office Restaurant
• Building Size    5,864
• Building Class    C
• Year Built    1988
• Price    8,880,000
• Price Per SF    1,514
• Percent Leased    80
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.33
• Land Acres    0.41 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Pylon Sign
• Drive Thru