385 N Park Ave 1,710 SF Retail Building Pomona, CA 91768 $750,000 ($438.60/SF)

385 N Park Ave, Pomona, CA 91768 is a fully renovated 1,710 SF freestanding retail building situated on a 5,582 SF lot, offered at $750,000. The property is currently operating as a newly established, upscale cigar lounge and has undergone extensive interior and exterior renovations, delivering a modern, high-end, turnkey space ideal for retail, lounge, or specialty use.
This opportunity is well-suited for both investors and owner-users. Ownership is willing to execute a leaseback at $2.50/SF MG, generating approximately $51,300 in annual gross income and $41,326 in net operating income, equating to an attractive 5.51% cap rate at the asking price. The lease includes 3% annual increases, providing steady income growth and long-term upside. Alternatively, the property can be delivered vacant at closing for an owner-user seeking a fully built-out, high-image location.
With minimal deferred maintenance, strong curb appeal, and flexible occupancy, this asset offers a compelling combination of stable cash flow, rental growth, and owner-user optionality in a growing Pomona corridor.