197 E 2nd ST, Pomona, CA 91766
197 E 2nd ST, Pomona, CA 91766
197 E 2nd ST, Pomona, CA 91766
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$6,950,000
Est. payment /mo
4,194 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26865211

HOA Y/N No

Year Built 1932

Lot Size 4,194 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 687 - Pomona

Zoning POC3*

Interior

Fireplace No

Building

Story 4

Others

Tax ID 8335009015

Security Features Smoke Detector(s)

Acceptable Financing Trust Deed

Listing Terms Trust Deed

Financing Seller Financing

Special Listing Condition Standard

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Listed by Karl Markarian Exp Commercial of California, Inc. #01932970

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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