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    197 2Nd St Pomona, CA 91766

    Sponsored
    For Sale
    $7,900,000
    Property size:
    4,375 SF
    Added:
    Dec 11, 2024
    Days on Market:
    391

    Property Features for 197 2Nd St

    General Information

    Property type
    Retail properties
    Square Feet
    4,375 SF

    Building Details

    Year Built
    1932
    Buildings
    1
    Stories
    4

    HighLights

    • Owner‑user or investor opportunity.
    • Licensed for five bars (Type 47 license).
    • Four levels of entertainment venues: speakeasy, sports bar, lounge, and nightclub.
    • Convenient freeway access (near freeways 71 & 60).
    • High‑visibility prime location.
    • Extensively renovated and modernized.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ce_Fishe Seafood Restaurant Shaun Diamond Plaza Park Xecora Pomona Restaurant Vice Ultra Lounge Night Club STARS Restobar American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.7493083
    Latitude
    34.0581165

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    FAQs

    Where is this retail property located?
    The property is located at 197 2Nd St Pomona, CA.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: Owner-user or investor opportunity.; Licensed for five bars (Type 47 license).; Four levels of entertainment venues: speakeasy, sports bar, lounge, and nightclub.
    Request Owner's contact information
    197 2Nd St Pomona, CA 91766
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    Pomona, CA 91766
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 2Nd St Pomona, CA 91766
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