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Real Estate + Business 197 E 2nd St

17,500 SF Retail Building Pomona, CA 91766 $7,900,000 ($451/SF)

Investment Highlights

  • Excellent Opportunity for Owner-User/Investor
  • 4 Levels of Entertainment consisting of Speakeasy, Sports Bar, Lounge and Nightclub
  • Prime Location with Outstanding Visibility
  • Type 47 license that can be used for 5 bars
  • Close Proximity to 71 & 60 Freeway
  • Modernized with Extensive Renovations

Executive Summary

IKON Properties is proud to exclusively represent this unique chance to own a fully operational and profitable business within a versatile, multi-level entertainment venue. Featuring four distinct levels—a speakeasy, sports bar, lounge, and nightclub—this property caters to a wide range of clientele, from sports fans to upscale nightlife enthusiasts. The sale includes a Type 47 license, allowing operation of up to five bars, maximizing potential for diverse events and revenue streams. Recent extensive renovations (over $750,000) ensure a modern, turnkey environment ready for seamless operation. Strategically positioned near the 71 & 60 Freeways, this property offers outstanding visibility and high traffic, making it a destination for both locals and visitors. With an established, profitable business included, this is the perfect opportunity for owner-users or investors looking to acquire a high-performing asset in a thriving market. Don’t miss the chance to invest in this prime commercial property, offering both immediate profitability and long-term growth potential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
17,500 SF
Building Class
C
Year Built/Renovated
1925/2014
Price
$7,900,000
Price Per SF
$451
Tenancy
Single
Building Height
4 Stories
Slab To Slab
11’
Building FAR
0.70
Land Acres
0.57 AC
Opportunity Zone
Yes
Zoning
C3, Pomona - Mixed Use, conditional use permit for liquor type 47, entertainment
Parking
22 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
180 FT on 2nd St, Locust, 1st St

Amenities

  • Bus Line
  • Conferencing Facility
  • Metro/Subway
  • Mezzanine
  • Restaurant
  • Tenant Controlled HVAC
  • Air Conditioning
  • Balcony
Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
Flame Broiler
Starbucks
Bank of America
Chase Bank
California Bank & Trust
Cu Socal
Smart & Final
The YMCA
Cardenas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8335-009-015
Land Assessment
$1,500,000
Improvements Assessment
$3,500,000
Total Assessment
$5,000,000
  • Listing ID: 33639489

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 197 E 2nd St, Pomona, CA 91766

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