604-610 W 40th St

Investment Highlights

Executive Summary

Three Buildings on one parcel?EXTREMELY RARE?HUGE OPPORTUNITY to own a fully renovated and operational Drive Thru Restaurant in north San Bernardino. This restaurant has been updated from the ground up including new electrical, plumbing, and HVAC. Located on the corner of 40th & first this property is highly visible with a tremendous amount of drive-by traffic and ample parking. More: This property also has two additional buildings being rented. Building 1 is duplex with each unit having 1 Bedroom and 1 Bathroom. Each unit is 550 sqft. Building 2 was labeled as an office and is 936 sqft. With 2 bathrooms this building is currently being used as an additional rental space. Even More: The restaurant Building comes with a professional kitchen with all fire approved permits and with Zoning being Commercial and Mixed use the potential and opportunities are endless. Use or rent the restaurant / drive thru and units or Perfect for an Investor, any small business or Owner with Primary residence. This opportunity is perfect for anyone with a Vision. Contact agent to schedule a showing today!!

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant Office Office Residential Restaurant
• Building Size    4,218
• Building Class    C
• Year Built    1957
• Price    1,200,000
• Price Per SF    284
• Cap Rate    21.12
• NOI    253,440
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.20
• Land Acres    0.48 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.