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.

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