Prime Value-Add Restaurant, Liquor License 47 14745 Palmdale Rd 3,821 SF Retail Building Victorville, CA 92392 £1,274,426 (£333.53/SF)

INVESTMENT HIGHLIGHTS

  • Value added Restaurant in the main street of Victorville CA on Palmdale Rd & Del Gado Rd!
  • VALUE ADD: Huge sushi bar and full bar area that can generate more revenue, two twelve-foot hood with eight-burner stove, five-burner woks, two deep f
  • Unique Restaurant/Bar with great location in one of the busiest street. The restaurant has one walk-in cooler and walk-in freezer combo and another wa
  • One mile from Interstate 15, two miles from Costco Wholesale and The Home Depot Victorville, 3.5 miles from Walmart Supercenter Victorville, 35 miles
  • Priced TO SELL, for the real estate, equipment + liquor license 47 included.
  • C-2 neighborhood commercial zone is to provide centers for convenience shopping in residential neighborhoods, planned and controlled to the extent tha

EXECUTIVE SUMMARY

Growth Investment Group is proud to present 14745 Palmdale Rd, in a prime location and value add restaurant in Victorville, CA which is the pride and heart of the city. The property is a hard-corner lot property on a major corner Palmdale Road and Del Gado Road, arguably one of the busiest streets in Victorville, CA. The building is surrounded by several major retailers and blended with modern conveniences and strategically located along a busy route frequented by travelers between Los Angeles and Las Vegas. The property is situated in the core of retail and restaurant row and thus has ample vehicle traffic while providing a sophisticated environment with spectacular desert views that you won’t find anywhere else in Southern California.
The Chinese influence designed building that was built in 1983 and has been remodeled since. When the owners bought the property, they renovated the entire restaurant and added many new & high-end amenities include a brand-new bar, two twelve type II hoods, and other equipment. The property is situated on a massive ±39059 SF lot zoned C-2 (buyer to verify) which provides at least 50+ spaces (2-Handicap Spots) of ample parking. The intent of the C-2 neighborhood commercial zone is to provide centers for convenience shopping in residential neighborhoods, planned and controlled to the extent that any such center will perform a vital service to the neighborhood in which it is located.
The property is uniquely designed with huge front of the house and back of the house space. The restaurant is currently operated as a Chinese food and Sushi Restaurant which has been running continuously for over 20 years and can occupy 100+ people. When the new owners purchased it, they spared no expense with the upgrades including the best of high-end kitchen equipment, a noodle maker, walk-in coolers and freezer, two twelve foot hoods, fryers, wok burners, and liquor license 47 which will be included with the purchase price. This provides the new owner the opportunity to expand the business. The space has an open concept with great design and features a sushi bar area and a classic bar space that was built to be a full-service bar. The ground floor has two bathrooms and an ample walk-in freezer and cooler. The overall feel of the place is very charming.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,821 SF
Building Class
B
Year Built
1982
Price
£1,274,426
Price Per SF
£333.53
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial 2
Parking
28 Spaces (6.93 Spaces per 1,000 SF Leased)
Frontage
155 ft on Palmdale Rd

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage

NEARBY MAJOR RETAILERS

Cardenas
Rent-A-Center
Starbucks
Stater Bros. Markets

PROPERTY TAXES

  • Listing ID: 33285835

  • Date on Market: 20/06/2023

  • Last Updated:

  • Address: 14745 Palmdale Rd, Victorville, CA 92392