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40789 Village Dr 8,121 SF Retail Building Big Bear Lake, CA 92315 $2,900,000 ($357.10/SF)
EXECUTIVE SUMMARY
Tremendous opportunity to own Big Bear Lake's most iconic building. Originally built in the 1930's, this building was updated in the 70's and then again in the early 2000's. Fully remodeled and retrofitted to meet all of today's modern standards. It was a movie theater, then a concert venue and now a sport's bar/restaurant. It sports an amazing sound system and stage for live performances, gorgeous bar and full kitchen. The property is currently a sports bar but, under the Village Specific Plan there is a myriad of available uses. Comes fully equipt with everything you see minus the games as they are rented from a company. Smack dab in the middle Big Bear Lake's busiest tourist destination. Surrounded by many bussinesses such as restaurants, shopping, gift shops, markets, hotels and night life. The Village hosts numerous exciting events such as the classic car show, Old Miners Days, Christmas Tree Lighting, Chili Cookoff, Wine Walk and many more. Incredible amounts of car and foot traffic.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
8,121 SF
Building Class
C
Year Built/Renovated
1934/2005
Price
$2,900,000
Price Per SF
$357.10
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.40 AC
Zoning
Village Specific Plan
Parking
16 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
88’ on Village Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0308-181-07 | Improvements Assessment | $1,976,760 |
| Land Assessment | $343,332 | Total Assessment | $2,320,092 |
PROPERTY TAXES
Parcel Number
0308-181-07
Land Assessment
$343,332
Improvements Assessment
$1,976,760
Total Assessment
$2,320,092
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40789 Village Dr
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