251 Base Line StSan Bernardino, CA 92410

Property Details for 251 Base Line St

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

4,800 SF

Property type

Turn key restaurants

APN

0140-071-06-0000

APU

140071060000

Description

This exceptional turnkey business opportunity presents the chance to acquire Alfredo's Pizza & Pasta, a well-established Italian restaurant in San Bernardino, CA. Operating since 1979, this thriving business occupies a 4,800 square foot retail building situated on three parcels totaling 23,100 square feet. The property, built in 1968, enjoys a prominent location on West Base Line Street, boasting 165 feet of street frontage in a high-traffic area between Arrowhead Ave and Mountain View Ave. Ample parking is available with approximately 40 spaces, including 3 handicap-accessible spots. The sale includes the real estate, offering a fee simple ownership. The property's location in an Opportunity Zone provides significant tax advantages for investors. The zoning is listed as CG-1 (buyer to verify). Across from Lincoln Elementary School, the restaurant benefits from excellent visibility and signage. This is a rare opportunity to own a successful, long-standing business with significant real estate assets in a desirable location. The asking price is $2,250,000, translating to $333 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,645,860

  6.5%

  $1,519,256

  7%

  $1,410,737

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,889,595

  Geo Method

  $3,857,049

• Alternative Use

  Use

  Valuation

  Residential

  $1,281,549

  Hospitality

  $1,173,892

  Educational

  $976,664

  Medical

  $1,010,253

  Retail

  $1,519,256

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.121

Longitude

-117.289

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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