Commercial Property — 197 E 2nd Street, Pomona, CA
$6,950,000
197 E 2nd Street, Pomona, CA
About this property
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.
Property details
Location
197 E 2nd Street • Pomona, CA 91766
Listed by
Karl Markarian · Exp Commercial of California, Inc.