Exclusive Listings

Prime Value-Add Restaurant, Liquor License 47 Included

Address:
14745 Palmdale Rd
Victorville, CA 92392
Price:
$1,650,000
Status:
Available
Type:
Restaurant
# Units:
1
Year Built:
1983
Building Size:
3,821
Lot Size:
31,000
CAP Rate:
N/A
GRM:
N/Ax
Price/Unit:
N/A
Price/SqFt:
$431

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.



INVESTMENT HIGHLIGHTS

  • Value added Restaurant in the main street of Victorville CA on Palmdale Rd & Del Gado Rd!
  • Prime Location in the busiest street with a lot of cars driving by. A great quick stop area between Los Angeles and Las Vegas trip. Excellent demographics with an average household income of $73,614
  • One mile from Interstate 15, two miles from Costco Wholesale and The Home Depot Victorville, 3.5 miles from Walmart Supercenter Victorville, 35 miles from Interstate 210. Excellent access to FWY 15 & 210
  • Businesses nearby: Victorville Hyundai car dealer, Victorville Mazda car dealer, Autozone auto parts store, O’Reilly auto parts store, VCA Mesa Animal Hospital, Cardenas Mexican grocery store, CVS drug store, San Bernardino County Employment office building, Holiday Skating Center, Holiday Inn Hotel, surrounded by high-end apartments, two Walmart Supercenters, Costco Wholesale, The Home Depot, Adelanto High School, George Air Force Base, The Boeing Company facilities, gas stations, and churches
  • 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.
  • Building has a huge parking space up to 50+ cars, huge front of the house space with a lot of tables, booths, and seats. Huge back of the house area that can fit most of the restaurant equipment based on your needs. Plenty of storage space and a huge office. Newly painted outdoor (within one year) & new roof installed in year 2017
  • 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 fryers, and a huge dishwashing machine
  • Excellent value offering! Full service well-known Dine-in restaurant with functioning high-end restaurant equipment.
  • Priced TO SELL, for the real estate, equipment + liquor license 47 included.
  • 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 walk-in cooler
  • 2024 Victorville Best Rated Chinese Restaurant by the Quality Business Awards with quality rating over 95% https://qualitybusinessawards.com/2024/the-best-chinese-restaurant-in-victorville/house-of-joy-restaurant-2  

Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
han.chen@growthinvestmentgroup.com

Abel Benitez
Direct: 626.898.9740
abel@growthinvestmentgroup.com

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Office:
GROWTH INVESTMENT GROUP CALIFORNIA
1487 E Colorado Blvd.
Pasadena, CA 91106
By Appointment Only - No Walk-ins
Front Office: 626.594.4901

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