376 N 2nd Ave | Upland, CA 91786
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376 N 2nd Ave
Upland, CA 91786
Retail Property For Sale
Investment Highlights
- Financing on approved credit & financials
- New Commercial Grease Trap (cost 150k) for high traffic restaurant use already installed
- Private Commercial elevator
- Rooftop dining offers Custom Retractable Roof system ceiling and glass walls all are motorized & open up electronically
- City of Upland developing southern adjacent lot as an Out door Concert hall equivalent to Victoria Gardens out door concert hall
Executive Summary
ASSUMABLE FINANCING - Motivated Seller, Bring all offers. Unique Opportunity: Own Iconic Upland Rooftop Restaurant & Event Hall Building
Welcome to the extraordinary chance to own or lease a newly remodeled rooftop restaurant and event hall in Upland. This exceptional property boasts remote-controlled retractable glass walls and ceilings, making it perfect for a restaurant, event space, or any other city-approved venture. Financing options are available, pending credit approval and financial assessment.
Outstanding Features:
Rare opportunity to purchase or lease a renowned rooftop building in downtown Inland Empire.
Located in the heart of Downtown Upland, this 7,200 SF property is fully equipped for a high-end restaurant.
The first floor offers 3,600 sq ft with 12-foot ceilings, while the second story features 15-foot ceilings and a newly permitted rooftop addition with retractable glass walls and a modern retractable roofing system.
With 24 feet of frontage and 150 feet facing the city's designated concert hall, it's incredibly visible.
Convenient street parking and city-provided public parking options for patrons.
Ideal for owner-users seeking to tap into city grants, benefit from high foot traffic, and reach a prime demographic.
The building boasts a brand-new commercial elevator, updated wiring, electrical and plumbing systems, modern bathrooms, windows, HVAC, framing, flooring, and state-of-the-art retractable roofing systems.
Essentially, it's a brand-new building, reconstructed in 2023, suitable for various retail uses, including restaurants and others approved by the city.
Sale price: $2,750,000.00.
Tenant/buyer is responsible for a triple net lease (NNN), encompassing all building expenses, tenant improvements (TI), maintenance, annual property taxes, insurance, and utilities.
Welcome to the extraordinary chance to own or lease a newly remodeled rooftop restaurant and event hall in Upland. This exceptional property boasts remote-controlled retractable glass walls and ceilings, making it perfect for a restaurant, event space, or any other city-approved venture. Financing options are available, pending credit approval and financial assessment.
Outstanding Features:
Rare opportunity to purchase or lease a renowned rooftop building in downtown Inland Empire.
Located in the heart of Downtown Upland, this 7,200 SF property is fully equipped for a high-end restaurant.
The first floor offers 3,600 sq ft with 12-foot ceilings, while the second story features 15-foot ceilings and a newly permitted rooftop addition with retractable glass walls and a modern retractable roofing system.
With 24 feet of frontage and 150 feet facing the city's designated concert hall, it's incredibly visible.
Convenient street parking and city-provided public parking options for patrons.
Ideal for owner-users seeking to tap into city grants, benefit from high foot traffic, and reach a prime demographic.
The building boasts a brand-new commercial elevator, updated wiring, electrical and plumbing systems, modern bathrooms, windows, HVAC, framing, flooring, and state-of-the-art retractable roofing systems.
Essentially, it's a brand-new building, reconstructed in 2023, suitable for various retail uses, including restaurants and others approved by the city.
Sale price: $2,750,000.00.
Tenant/buyer is responsible for a triple net lease (NNN), encompassing all building expenses, tenant improvements (TI), maintenance, annual property taxes, insurance, and utilities.
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
B
Year Built/Renovated
1922/2022
Tenancy
Single
Number of Floors
2
Building FAR
0.97
Lot Size
0.17 AC
Parking
40 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
24 ft on N 2nd Avenue
Amenities
- Courtyard
- Restaurant
- Signage
- Roof Lights
- Roller Shutters
- Roof Terrace
- Recessed Lighting
- Monument Signage
- Balcony
PROPERTY TAXES
| Parcel Number | 1046-393-03 | Improvements Assessment | £507,849 |
| Land Assessment | £84,411 | Total Assessment | £592,259 |
PROPERTY TAXES
Parcel Number
1046-393-03
Land Assessment
£84,411
Improvements Assessment
£507,849
Total Assessment
£592,259
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