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197 E 2nd Street — Pomona | Belmont Brokerage

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$6,950,000

4,195 sqft lot|1932 Built|0 DOM

197 E 2nd St, Pomona, CA 91766

Property Description

Four-level, 17,300 SF entertainment and hospitality venue in Downtown Pomona, offered as a combined sale of the real property and the operating business. Built in 1932 with over $1M in recent capital improvements across all four floors. The building houses four established concepts: a fourth-floor concert and event venue, a third-floor caf, a street-level restaurant and bar, and a lower-level mariscos speakeasy. An active Type 47 liquor license transfers with the sale, along with all furniture, fixtures, and equipment. The operation is growing, with net sales up 29.5%, guest count up 22%, and private events up 62.5% year over year. Priced at $6,950,000 with seller financing available: $3.5M carry at 5%, interest only, five-year term. Located in a Federal Opportunity Zone in the Downtown Pomona Arts Colony, steps from the Metrolink station. SBA eligible. Buyer to verify all information.

Listing provided by: Karl MarkarianDRE #01932970818-433-0548 Karl.markarian@expcommercial.com, Exp Commercial of California, Inc.

MLS #: 26865211