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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 $2,036,786 CAD ($657 CAD/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
$2,036,786 CAD
Price Per SF
$657 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Land Acres
0.24 AC
Zoning
Commercial - Commercial
Parking
10 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
108 ft on Village Dr

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0308-137-13
Land Assessment
$427,142 CAD
Improvements Assessment
$632,796 CAD
Total Assessment
$1,059,938 CAD
  • Listing ID: 33773327

  • Date on Market: 2024-11-06

  • Last Updated:

  • Address: 40645 Village Dr, Big Bear Lake, CA 92315

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