242 E Hospitality Ln

San Bernardino, CA 92408
  • $1,799,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 5,138

    SqFt

About the Listing 4064 - CV38424

MGR Real Estate is pleased to offer this prime investment opportunity located at 242 E. Hospitality Lane in San Bernardino, California. The subject property is a freestanding restaurant (Star Crab), approximately 5,138 square-foot building situated on approximately 39,047 square-foot lot with easy ingress/egress and abundance of parking @ 6.22/1,000 SF parking ratio. The property was originally built in 1979 and was completely renovated in 2017 with major improvements to the interior and exterior of the building. It's a must see!! Current tenant has 4-years remaining on his 5-year triple-net lease with 4 percent yearly increase, including the two five-year option periods. The subject property is in the Hospitality Lane corridor of Restaurant Row for the region and the office hub for major companies. The property is across the street from La Quinta Inn and Hilton Hotels, and surrounded by National Food Retailers , including Red Lobster, I HOP, Claim Jumper, EL Torito, Lotus Gardens, Black Angus, and King Chinese Buffet. Excellent access to the I-10 & I-215 Freeways and just west of the Waterman Avenue thoroughfare.

Listing Highlights for 242 E Hospitality Ln

Status Active
Days on Site 165
Property Type Commercial Sale
MLS ® CV18132728
Year Built 1979
Total Square Footage 5,138
Lot/Acreage N/A
County San Bernardino
Area 274 - San Bernardino

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
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  • Water: Public

Exterior Details

  • Garage Capacity: N/A
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Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
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242 E Hospitality Ln San Bernardino, CA 92408

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Listing Courtesy of FREDDY BARAJAS, MGR REAL ESTATE, INC.

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