$1,500,000

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

MLS32005302
Listing TypeFor Sale
Sub-TypeResale
StatusActiveUnderContract
Year1940
Days On Site26

Features

SQ Feet5,858
Story(s)1

Market Activity 92315

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Area Information
StateCA
CountySan Bernardino
CityBig Bear Lake
Zip Code92315
AreaBig Bear Lake Central
Listing VS Median (in 92315)
Price:
$1,500,000
low | high
Med:
$412,000
100% of Average
SqFt:
5,858
low | high
Med:
1,209
100% of Average
$ / SqFt:
$256
low | high
Med:
$394
3.835020915707% of Average
On Site:
26
low | high
Med:
487.5
5.333333333333% of Average
Listing Updated: November 24, 2020 8:32:16 AM PST
Mike Dolan LogoMLS Number: 32005302
Listing Provided By:
Mike Dolan  of  Keller Williams Big Bear

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Big Bear Association of REALTORS®.