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205 E Main Street, Barstow, CA 92311
$499,000
205 E Main Street, Barstow, CA 92311View this property at 205 E Main Street, Barstow, CA 92311
205 E Main StreetBarstowCA92311
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Property Description
Prime Commercial Real Estate Investment: Village Hotel and Cafe with Route 66 Frontage
An unparalleled opportunity awaits savvy investors in the heart of Barstow - the Village Hotel and Cafe, nestled along Route 66. This one-of-a-kind property encompasses a thriving restaurant and an adjoining motel/hotel, presenting you with the chance to own a piece of iconic Route 66!
Barstow is on the cusp of a significant economic transformation, spurred by major developments like the BNSF's forthcoming integrated rail complex. Capitalize on this dynamic environment and seize a substantial cash flow opportunity. With a rich history of family ownership, this hidden gem holds the promise of becoming a remarkable moneymaker.
This expansive property boasts two adjacent addresses, comprising a fully functional restaurant and a 11 SRO units building with two shared bathrooms, all-encompassing approximately 4600 square feet. The restaurant comes equipped with a commercial-grade Wolf kitchen, inclusive of all appliances and a functional walk-in freezer. Presently operating five days a week, the restaurant thrives with outstanding Yelp reviews despite its limited schedule.
The hotel segment, primarily utilized to accommodate restaurant staff, is ripe for transformation. With the potential to reconfigure into 7 en-suite rooms, this space holds untapped revenue potential. A reception area provides a welcoming touch. The property includes a hotel license, reflecting its operational credibility.
An additional income stream lies within the basement - a room with street-level access, once leased as a hair salon. While requiring rehabilitation, this space has the potential to generate supplementary revenue, enhancing the property's overall profitability.
Presented as-is due to the owner's retirement, the possibilities are vast. Take charge of operations or lease out the restaurant space - the possibilities for the next chapter of this property's success are endless. Conduct your own due diligence to uncover its full potential.
Viewings are by appointment only. Kindly refrain from approaching employees or discussing the sale directly. Embrace this chance to own a piece of Route 66 history and secure your foothold in Barstow's evolving commercial landscape.
Full Property Details
Full Property Details for 205 E Main St
General
- Price: $499,000
- Status: Active
- Type: Commercial
- MLS ID: CV23147923
- Updated: 3/22/2024
- Days on Market: 311 days
- Added to Site: 312 day(s) ago
Business
- Business Type: Bed & Breakfast, Food & Beverage, Hotel/Motel
Rooms
Other Rooms
- Laundry: None
Location
- County: San Bernardino
- Driving Directions: Take Main Street exit on Highway 15.
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 4625
- Square Feet: 4,625
- Year Built: 1928
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.1278
- Useable Acres: .1278
- Lot Size (Sq. Ft.): 5,569
- Lot Size Source: Assessor
- Lot Dimensions: 40 x 125
- Lot Features: Rectangular Lot
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $107
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Inclusions: Attached appliances
- Property ID: 181073470000
Listed by Haylen Group, WinnieLiu
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Schools
Schools serving 205 E Main St
School District:Barstow Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
801 S Muriel Dr, Barstow, CA 92311 | K-6 | 1 mi | |
1000 Armory Rd, Barstow, CA 92311 | 7-8 | 1.4 mi | |
430 S 1st Ave, Barstow, CA 92311 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 205 E Main St
Date
Details
Price
Change
Source
8/09/2023
Listed
$499,000
523.75%
MLS
4/22/2019
Sold
$80,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 205 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$988
—
$85,777
2%
2022
$984
3%
$84,095
2%
2021
$956
—
$82,446
1%
2020
$957
-32%
$81,600
-35%
2019
$1,402
-5%
$124,848
2%
2018
$1,471
95%
$122,400
84%
2017
$754
1%
$66,370
2%
2016
$744
2%
$65,069
2%
2015
$729
1%
$64,091
2%
2014
$724
1%
$62,835
—
2013
$714
—
$62,551
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 205 E Main St
205 E Main Street, Barstow, CA 92311 (MLS# CV23147923) is a Commercial property. 205 E Main Street is currently listed for $499,000 and was received on August 09, 2023. Want to learn more about 205 E Main Street? Do you have questions about finding other Commercial real estate for sale in Barstow? You can browse all Barstow real estate or contact a Coldwell Banker agent to request more information.