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31956 Hilltop Blvd

2,458 SF 100% Leased Retail Building Running Springs, CA 92382 £545,099 (£222/SF) 8% Net Initial Yield

Investment Highlights

  • In close proximity to route 330

Executive Summary

Price Reduced!!! Remarkable Investment Opportunity in Big Bear Lake National Forest Park. This beautiful, fairytale-like property is at the junction of national highways 330 and 18. Beautiful natural forest scenery, clean, crisp mountain air, and a safe, vibrant neighborhood surround this charming hilltop escape. This interior was completely rebuilt and renovated in 2018.
This preeminent mountain location draws both surrounding residents and a steady stream of tourists nightly. It is popular with locals, who see it as a neighborhood staple for entertainment, and visitors, who come to enjoy the food and music while on a forest holiday. Especially popular in the winter ski season. Guests come here to enjoy the fabulous nearby skiing. It is located only four miles from Snow Valley, the oldest continually operating ski resort in Southern California, and a short distance from numerous other mountain ski resorts. All year round, this restaurant has a loyal, reliable, and consistent customer base.
This 2,458 square-foot commercial building on a 3861 square-foot lot property has three floors, including the middle and main floor consisting of the main restaurant, kitchen, and outer courtyard. The main restaurant area has: 50 interior seats, 9 cabinet counters of hot food, a glass display refrigerator for cold drinks, refrigerated display cabinets for baked goods and beverages, and 2 upgraded restrooms. Connected to the main restaurant is the newly built and beautiful courtyard, which has: Enough space for 100 people, 4 Western-style gazebos, an ample middle open space, a music performance area, BBQ pit, comfortable tables, benches, & chairs.
The upper floor is an air-conditioned office with a staff lounge and a bathroom. Access is convenient from the rear of the kitchen and back patio. The lower level is a large area that includes multiple storage rooms for cooking material, packaging material, wine, etc. The lower floor also has two staff lounges, a laundry room, and another bathroom. Access is convenient from the rear patio and parking area. The kitchen has a complete set of the latest equipment stove, oven, operation table, two sets of washing stations, freezing, refrigerating cabinets, and warming cabinets. The newly built walk-in refrigerator ensures that there is enough space to maintain the freshness and taste of the ingredients and beer.
This property has renovated restaurant facilities, a market with almost no competitors, great growth potential, and an established loyal customer base that is already satisfied with the menu and services. The winter ski season is hectic and the restaurant serves huge numbers of lunch boxes daily to Snow Valley. All year round, this attractive restaurant has a loyal, reliable, & consistent customer base. 70% of guests are locals and weekly regulars. 30% are vacation visitors.
Currently the restaurant is opening with good profit. The restaurant needs to be retired due to the personal issue, he will transfer the business to the buyer, or the buyer can start their new business with all the equipment in place. The steady customers are visiting the restaurant periodically, plus the visitors made the restaurant is very busy every day. Call, text, or email to Diana at 818-877-9909 dlsunny@gmail.com.

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,458 SF
Building Class
C
Year Built
1926
Price
£545,099
Price Per SF
£222
Net Initial Yield
8%
NOI
£43,608
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.31
Land Acres
0.18 AC
Zoning
HT/CG-SCP - Commercial
Parking
10 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
59 ft on Hilltop Blvd

Amenities

  • Atrium
  • Bus Route
  • Courtyard
  • Freeway Visibility
  • Restaurant
  • Signage
  • Accent Lighting
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Balcony

About 31956 Hilltop Blvd , Running Springs, CA 92382

Former small building that was high upgraded into the restaurant, live music center and local favorite you see today. This beautiful, fairytale-like property is at the junction of national highways 330 and 18. Beautiful natural forest scenery, clean, crisp mountain air, and a safe, vibrant neighborhood surround this charming hilltop escape. This interior was completely rebuilt and renovated in 2018. This preeminent mountain location draws both surrounding residents and a steady stream of tourists nightly. It is popular with locals, who see it as a neighborhood staple for entertainment, and visitors, who come to enjoy the food and music while on a forest holiday. Especially popular in the winter ski season. Guests come here to enjoy the fabulous nearby skiing. It is located only four miles from Snow Valley, the oldest continually operating ski resort in Southern California, and a short distance from numerous other mountain ski resorts. All year round, this restaurant has a loyal, reliable, and consistent customer base. This 2,458 square-foot commercial building on a 3861 square-foot lot property has three floors, including the middle and main floor consisting of the main restaurant, kitchen, and outer courtyard. The main restaurant area has: 50 interior seats, 9 cabinet counters of hot food, a glass display refrigerator for cold drinks, refrigerated display cabinets for baked goods and beverages, and 2 upgraded restrooms. Connected to the main restaurant is the newly built and beautiful courtyard, which has: Enough space for 100 people, 4 Western-style gazebos, an ample middle open space, a music performance area, BBQ pit, comfortable tables, benches, & chairs. The upper floor is an air-conditioned office with a staff lounge and a bathroom. Access is convenient from the rear of the kitchen and back patio. The lower level is a large area that includes multiple storage rooms for cooking material, packaging material, wine, etc. The lower floor also has two staff lounges, a laundry room, and another bathroom. Access is convenient from the rear patio and parking area. The kitchen has a complete set of the latest equipment stove, oven, operation table, two sets of washing stations, freezing, refrigerating cabinets, and warming cabinets. The newly built walk-in refrigerator ensures that there is enough space to maintain the freshness and taste of the ingredients and beer. This property has renovated restaurant facilities, a market with almost no competitors, great growth potential, and an established loyal customer base that is already satisfied with the menu and services. The winter ski season is hectic, and the restaurant serves huge numbers of lunch boxes daily to Snow Valley. All year round, this attractive restaurant has a loyal, reliable, & consistent customer base. 70% of guests are locals and weekly regulars. 30% are vacation visitors. Currently the restaurant is opening with good profit. The restaurant owner needs to be retired due to the personal issue, he will transfer the business to the buyer, or the buyer can start their new business with all the equipment in place. The steady customers are visiting the restaurant periodically, plus the visitors made the restaurant is very busy every day. Call, text, or email to Diana at 818-877-9909 dlsunny@gmail.co

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0295-142-16
Land Assessment
£61,610
Improvements Assessment
£177,789
Total Assessment
£239,399
  • Listing ID: 24011455

  • Date on Market: 13/08/2021

  • Last Updated:

  • Address: 31956 Hilltop Blvd, Running Springs, CA 92382

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