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142 N Mountain Ave 1,860 SF Retail Building Ontario, CA 91762 $2,975,000 ($1,599.46/SF) 25% Cap Rate
INVESTMENT HIGHLIGHTS
- NEWER FREESTANDING commercial building located on a prime lot with ample parking space and traffic exposure! PROPERTY CAN BE DELIVERED VACANT!
EXECUTIVE SUMMARY
NEWER FREESTANDING commercial building located on a prime lot with ample parking space and traffic exposure! PROPERTY CAN BE DELIVERED VACANT! Commercial building on Mountain Ave. Re-built in 1990. Building size is @ 1,860 sq ft with high ceilings, and its lot size is 15,725 sq ft with alley access and 25+ parking spaces, including a handicap ramp. Currently used as a fast food restaurant (LIBERTY BURGERS) and can be converted into anything you want: Coffee shop, fast food franchise, doughnut shop, etc. Terrific curb appeal, large dining area, Showcase food services.2 Head mini split heat / air system
as well as the central heat / air
2 ADA compliant bathrooms
ADA compliant handicap parking and accessibility path CHECK ATTACHMENT FOR INVENTORY AND FIXED ITEMS LIST SOLD WITH PROPERTY
21 1/2’ long stainless steel hood with 2 blower fans
21 1/2’ long cooking line with steam table, vegetable / sauce table with under cabinet refrigeration, grill, 2 stove top cooking burners, char broiler, 3 bin deep fryer with baskets… . LOCATION! LOCATION! LOCATION! VERY RARE TO FIND A FREE STANDING BUILDING WITH HUGE PRIVATE PARKING LOT!
as well as the central heat / air
2 ADA compliant bathrooms
ADA compliant handicap parking and accessibility path CHECK ATTACHMENT FOR INVENTORY AND FIXED ITEMS LIST SOLD WITH PROPERTY
21 1/2’ long stainless steel hood with 2 blower fans
21 1/2’ long cooking line with steam table, vegetable / sauce table with under cabinet refrigeration, grill, 2 stove top cooking burners, char broiler, 3 bin deep fryer with baskets… . LOCATION! LOCATION! LOCATION! VERY RARE TO FIND A FREE STANDING BUILDING WITH HUGE PRIVATE PARKING LOT!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$156,000
|
$83.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,000
|
$83.87
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $156,000 |
| Annual Per SF | $83.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,000 |
| Annual Per SF | $83.87 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,860 SF
Building Class
C
Year Built
1990
Price
$2,975,000
Price Per SF
$1,599.46
Cap Rate
25%
NOI
$743,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.36 AC
Zoning
M2, Ontario - restaurant
Parking
30 Spaces (16.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Liberty Bell
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Liberty Bell | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1010-502-13 | Improvements Assessment | $302,562 (2025) |
| Land Assessment | $261,540 (2025) | Total Assessment | $564,102 (2025) |
PROPERTY TAXES
Parcel Number
1010-502-13
Land Assessment
$261,540 (2025)
Improvements Assessment
$302,562 (2025)
Total Assessment
$564,102 (2025)
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142 N Mountain Ave
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