390 E Hospitality Lane,San Bernardino, CA 92408
San Bernardino, CA 92408
Description
Freeway-visible, newly remodeled Ojos Locosanchored restaurant asset in San Bernardino's top diningMarketing descriptionA premier freeway-visible restaurant building is available for sale at 390 E Hospitality Lane in San Bernardino, anchored by a long-term lease to Ojos Locos Sports Cantina, which has invested over $1,300,000 refurbishing and rebranding the property as a high-energy Latin sports bar and restaurant destination. This fully modernized, single-tenant asset combines strong traffic counts, extensive capital upgrades, and excellent regional access, making it a compelling, stabilized investment opportunity in the heart of the Inland Empire's primary hospitality corridor.Property and tenancy overviewThe building totals approximately 10,171 square feet and is configured as a full-service restaurant with expansive dining areas, bar, commercial kitchen, and indooroutdoor flow supporting nearly 300 guests between interior seating and the patio. Ojos Locos operates the premises under a long-term triple-net structure, delivering a passive income profile with the tenant responsible for maintenance, repairs, taxes, insurance, and utilities.Location and accessPositioned just off the Interstate 10 on- and off-ramps, the property offers exceptional visibility to heavy freeway traffic, plus strong counts along E Hospitality Lane and S Waterman Avenue. The site is surrounded by hotels, national retailers, and restaurant concepts that draw local residents, office workers, and freeway travelers, reinforcing the corridor as San Bernardino's dominant dining and retail destination.Recent refurbishment and upgradesOjos Locos has completed a comprehensive remodel of the former restaurant space, investing more than $1 million into interior finishes, branding, bar and audio-visual buildout, seating, and cosmetic exterior improvements to create a contemporary Latin sports cantina environment. These upgrades complement the existing full commercial kitchen, ADA-compliant access and restrooms, tenant-controlled HVAC, security system, and outdoor patio, significantly reducing near-term capital needs for an investor.Demographics and trade areaWithin a three-mile radius, the property benefits from solid household incomes and a growing residential base, with the broader five-mile ring encompassing a population well into the six figures and projected growth over the coming years. The Hospitality Lane corridor functions as a regional dining, retail, and hotel hub for San Bernardino and surrounding communities, benefiting from both destination traffic and steady demand from nearby employment centers and lodging.Recent permitted upgrades at a cost of over $1,300,000:1000 gal grease interceptor (updated)Handicap restrooms (updated)New sewer line and subfloor drain and sinksNew cook lineNew bar and seating configurationsNew beer coolerNew sound and video systemNew lighting systemNew HVAC unitsNew vulcanized roofingNew Ansul Fire Suppression/Sprinklers & AlarmBlinds, flooring, steel reinforcement, plumbing, counter tops, electrical, and more. Itemized list can be provided.Investment highlightsInvestment highlightsThe offering features a single-tenant, triple-net lease to a growing regional restaurant brand that emphasizes sports-centric, late-night food-and-beverage operations, aligning well with the high-traffic, freeway-adjacent location and surrounding hotel base. Combined with Ojos Locos' substantial recent capital investment in the building and the corridor's strong visibility and access, 390 E Hospitality Lane presents an opportunity to acquire a newly refurbished, branded restaurant asset with durable income and long-term upside in a key Inland Empire trade area.Recent permitted upgrades at a cost of over $1,300,000:1000 gal grease interceptor (updated)Handicap restrooms (updated)New sewer line and subfloor drain and sinksNew cook lineNew bar and seating configurationsNew beer coolerNew sound and video systemNew lighting systemNew HVAC units more
Details
| MLS | 26988709 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 14 |
| Listing Provided By | eXp Realty of California Inc | Michael Earley |
Features
| SQ Feet | 9,685 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | ERW/ |
| Acreage | 0.49 |
Interior
| Heating | Zoned |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition, Flat, Mansard, Shingle, Tar Gravel |
|---|---|
| Security Features | Carbon Monoxide Detectors, Fire Sprinkler System, Smoke Detectors |
| Construction Materials | Stucco |
| Lot Features | Near Public Transit, Sprinkler System |
Utilities
| Electric | Heavy |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | San Bernardino |
| Zip Code | 92408 |
| Area | 274 San Bernardino |
| Listing VS Median (in 92408) | |
Price: $5,999,000 low | high Med: $499,999 sqft: 9,685 low | high Med: 1,800 $ / sqft: $619 low | high Med: $278 On site: 14 low | high Med: 43 | |
Market Activity 92408
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | San Bernardino |
| Zip Code | 92408 |
| Area | 274 San Bernardino |
| Listing VS Median (in 92408) | |
Price: $5,999,000 low | high Med: $499,999 sqft: 9,685 low | high Med: 1,800 $ / sqft: $619 low | high Med: $278 On site: 14 low | high Med: 43 | |