197 E 2nd St, Pomona, CA 91766
197 E 2nd St, Pomona, CA 91766
197 E 2nd St, Pomona, CA 91766
197 E 2nd St, Pomona, CA 91766
197 E 2nd St, Pomona, CA 91766
197 E 2nd St, Pomona, CA 91766
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$ 6,950,000
Est. payment | /mo

17,300 SqFt


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$ 6,950,000
Est. payment | /mo
Save

17,300 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 17,300 sqft

Price per Sqft $401

MLS Listing ID 26865211

Year Built 1932

Lot Size 4,195 Sqft

Acres 0.0963

Property Sub-Type Retail

Property Description

Four-level, 17,300 SF entertainment and hospitality venue in Downtown Pomona, offered as a combined sale of the real property and the operating business. Built in 1932 with over $1M in recent capital improvements across all four floors. The building houses four established concepts: a fourth-floor concert and event venue, a third-floor caf, a street-level restaurant and bar, and a lower-level mariscos speakeasy. An active Type 47 liquor license transfers with the sale, along with all furniture, fixtures, and equipment. The operation is growing, with net sales up 29.5%, guest count up 22%, and private events up 62.5% year over year. Priced at $6,950,000 with seller financing available: $3.5M carry at 5%, interest only, five-year term. Located in a Federal Opportunity Zone in the Downtown Pomona Arts Colony, steps from the Metrolink station. SBA eligible. Buyer to verify all information.

Location

State CA

County Los Angeles

Area Pomona

Zoning POC3*

Building

Story 4

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Exp Commercial of California, Inc.

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197 E 2nd St