PREPARED LOT WITH APPROVED BUILDING PLAN | 40645 Village Dr
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PREPARED LOT WITH APPROVED BUILDING PLAN 40645 Village Dr
3,100 SF 100% Leased Retail Building Big Bear Lake, CA 92315 $1,450,000 ($468/SF)
Investment Highlights
- Gross Scheduled Income: $72,300
- The German Deli Monthly Rent: $3.650
- 2BD 2BTH Apartment Upstairs Monthly Rent: $2,375
Executive Summary
Motivated seller! MIXED USE BLDG, PLUS PREPARED LOT WITH APPROVED BUILDING PLAN FOR ADDITIONAL 3 UNIT BUILDING. Prime Big Bear Lake is a mixed-use property in the heart of the Village. This property is located next door and in front of The Club, and across the street from the Holiday Inn Resort. The existing 3,100 sq. ft. building has been completely renovated. The Old German Deli eating and drinking establishment and a residential tenant occupy this building. The spectacular residential apartment with a partial lake view is fully furnished and includes 2 bedrooms & 2 baths with a cozy fireplace. In addition, there is a pre-construction graded lot and APPROVED BUILDING PLANS for a new 3-unit, 2 stories restaurant and residential building. Preliminary approval for separating the existing units and the newly approved building units into condominiums has been received from the City of Big Bear Lake. Condo map to be submitted. DEVELOPERS AND BUILDERS, DON'T MISS OUT ON ONE OF THE LAST BUILDABLE LOTS IN THE VILLAGE! Not zoned for short-term renting. Please do not bother the German deli for info. THE BUYER IS TO RECEIVE AN ACTUAL BUILDING PERMIT IN HAND!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,100 SF
Building Class
B
Year Built
2008
Price
$1,450,000
Price Per SF
$468
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.24 AC
Zoning
Commercial - Commercial
Parking
10 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
108 FT on Village Dr
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0308-137-13 | Improvements Assessment | $454,533 |
Land Assessment | $306,813 | Total Assessment | $761,346 |
PROPERTY TAXES
Parcel Number
0308-137-13
Land Assessment
$306,813
Improvements Assessment
$454,533
Total Assessment
$761,346
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PREPARED LOT WITH APPROVED BUILDING PLAN | 40645 Village Dr
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