Restaurant and Banquet
For Sale
$6,200,000
670 Kendall, San Bernardino, CA 92407
Hospitality property with multiple indoor halls and outdoor event spaces, offered with an active ABC Type 47 license.
Property Size13,520 SF
Lot Size28.44 Acres
Price / SF$458.58
Days on Market68
Property Features for 670 Kendall
General Information
Standard status
Active
Size
13,520 SF
Lot size
28.44 Acres
Property subtype
Retail
Zoning
CG-1
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1971
Listing Agency:
City Center Realty Group
(818) 845-5551
Listed By:
Steve Hovakimyan · License #01363908
Source:
Xome
Added: May 31
Changed: Jul 10
Last Checked: Aug 5 at 8:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of City Center Realty Group
Investment Insights
Based on property information with market context.
This offering includes a 13,520 SF restaurant and banquet facility improved for large-format events, plus the operating business, FF&E, and an active ABC Type 47 license. The venue is laid out with four banquet halls designed to accommodate approximately 80, 100, 250, and 350 guests, supported by outdoor gathering areas including two gazebos that accommodate approximately 150 and 500+ guests. Additional event space includes a patio with seating for approximately 200 guests and a terrace with seating for approximately 60 guests, allowing the facility to host 1,000+ guests throughout the property. The property sits on approximately 28.44 acres.
The facility is described as a landmark venue featuring panoramic city and mountain views. Zoning is identified as CG-1 (Commercial General). The buyer is advised to independently verify all zoning, land use, density, development standards, and permitted uses with the appropriate governmental agencies.
For buyers seeking an operating hospitality asset, the combination of multiple event venues, restaurant operations, and included business components supports continued event programming across a range of group sizes. The property has been used to host events exceeding 1,100 attendees, providing an established track record for large gatherings within the current configuration.
The facility is described as a landmark venue featuring panoramic city and mountain views. Zoning is identified as CG-1 (Commercial General). The buyer is advised to independently verify all zoning, land use, density, development standards, and permitted uses with the appropriate governmental agencies.
For buyers seeking an operating hospitality asset, the combination of multiple event venues, restaurant operations, and included business components supports continued event programming across a range of group sizes. The property has been used to host events exceeding 1,100 attendees, providing an established track record for large gatherings within the current configuration.
Key Highlights
- 13,520 SF restaurant and banquet facility built in 1971 on approx. 28.44 acres
- Four banquet halls accommodating approx. 80, 100, 250, and 350 guests
- Outdoor event space includes two gazebos for approx. 150 and 500+ guests plus a patio with seating for approx. 200 and a terrace for approx. 60
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.3k | $22.80 |
| − Vacancy | −$17.9k | −$1.32 |
| EGI | $290.4k | $21.48 |
| − OpEx | −$72.6k | −$5.37 |
| NOI | $217.8k | $16.11 |
13,520 SF · lease $22.80/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,783 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,023 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
ARCO
Shops & Services
19,278 visits/mo
0.5 miles
Starbucks
Dining
17,004 visits/mo
0.4 miles
Shell
Shops & Services
11,781 visits/mo
0.4 miles
Denny's
Dining
9,415 visits/mo
0.4 miles
AMPM
Shops & Services
8,656 visits/mo
0.5 miles
Demographics for 92407, CA
67,814
Population
19,029
Households
3.6
Avg Household Size
31
Median Age
19%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
830
Density / Sq Mi
$83,662
Median Household Income
$38,967
Median Earnings
$1,771
Median Rent
$473,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Wedding venue - Hospitality property with multiple indoor halls and outdoor event spaces, offered with an active ABC Type 47 license.
Where is this wedding venue located?
The property is located at 670 Kendall San Bernardino, CA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 13,520 SF restaurant and banquet facility built in 1971 on approx. 28.44 acres; Four banquet halls accommodating approx. 80, 100, 250, and 350 guests; Outdoor event space includes two gazebos for approx. 150 and 500+ guests plus a patio with seating for approx. 200 and a terrace for approx. 60
