Listing ID32005302
Sold For$1,500,000
StatusClosed
Sold Date4/30/2021
SqFt
5,858
CountySan Bernardino
Year Built1940
Property TypeCommercial Sale
Property Sub TypeCommercial
MOST VISABLE COMMERCIAL LOCATION IN THE VILLAGE. 'Paoli's Italian Restaurant and Bar'. Zoned Commercial Retail, this 5,858 sq. ft. Commercial Building includes a spacious Restaurant with Full Kitchen and Bar, Retail Space (or additional Banquet Seating), 6 Residential Units and large Outside Patio Dining all on approx. 14,000 sq. ft. corner lot in one of the most Prime Commercial Locations in Big Bear. This Price includes the World Famous Paoli's Italian Restaurant NAME, all Furniture, Fixtures, Machinery, Equipment, Leasehold Improvements and Type 47 Liquor License all valued at "asset value" at only $150,000 (due to COVID). Attention Investors. Existing Residential Annual Income is approximately $31,200. Projected Commercial Retail/Restaurant Annual Income (based on approximately 4500 sq. ft. @ $2.00 per sq. ft. X 12 months) = $108,000. SPECIAL NOTE: Buyer of the Building/Restaurant has first right to purchase the 18,150 sq. ft. vacant lot at 705 Cameron for additional $200,000.
County
San Bernardino
Property Sub Type
Commercial
Property Type
Commercial Sale
Year Built
1940
MLS Area Major
Big Bear Lake Central
MLS Area Minor
Gen BB Lake Central
Postal City
Big Bear Lake
Topography
Level
Zoning Description
Village Specific Plan
Buyer Financing
Conventional
Possession
Close Of Escrow
Cooling Type
Ceiling Fan(s)
Heating
yes
Heating Type
Forced Air, Gas
Interior Features
Vaulted Ceiling(s)
Laundry Features
Washer Hookup, Dryer Hookup
Levels
One, Two
Living Area Source
Public Records
Stories
1
Exterior Features
Blacktop Driveway, Concrete Driveway, Paved Driveway
Foundation Details
Pillar/Post/Pier
Frontage Length
140
Lot Features
Level
Lot Size Area
13550
Lot Size Dimensions
140 x 90 x 140 x 100
Lot Size Square Feet
13550
Lot Size Units
Square Feet
Parking Features
Four or more Spaces, Parking Space(s)
Road Frontage Type
City Street
Road Surface Type
Paved
Roof
Composition
Sewer
Connected
Utilities
Cable Available, Electricity Connected, Natural Gas Available
Water Source
Public
CLIP
4284747221
Human Modified
no
Mls Status
Closed
Permission
IDX
Property Condition
Resale
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