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The Glen Bar 12414 Carson St 2,364 SF Retail Building Hawaiian Gardens, CA 90716 $1,388,940 CAD ($587.54 CAD/SF)



INVESTMENT HIGHLIGHTS
- Type 48 Liquor License - No Food Required
- Bar operation included in asking price
- Recently $350k Remodel
EXECUTIVE SUMMARY
A lively Lakewood area neighborhood hangout, this local bar offers a relaxed yet energetic atmosphere with live entertainment permitted 7 nights per week for DJ an karaoke. DJ nights, karaoke, live bands, and big-screen sports. Known for its tap beer selection, quality wines and spirits, and generous happy-hour specials -including all-day deals on select days - it’s a favorite spot for everything from casual weeknight drinks to high-energy weekend events. Open late and blending dive-bar comfort with stylish touches, it draws a loyal crowd for its welcoming vibe and nonstop entertainment.
This 2,278 square foot location will lease for $4.5k per month on a new 5 year lease with one 5 year option to extend. All of the venue’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. An estimated $3k in inventory will be sold at cost at close in addition to purchase price. The venue boasts a recent $350k remodel, with full plumbing and electrical being renovated down to the studs. The facility owns its pool table and ice machine, and has a walk-in keg cooler, 16 beers on tap, 9 flat screen TVs, 7 high top tables and 2 booths. The juke box is on a 50% split.
Nearby venues often attract patrons with themed nights, pool tables, and late-night hours, appealing to the same crowd looking for a laid-back yet social atmosphere. However, many competitors lack the combination of consistently rotating events, upscale touches, and wide drink selections, giving this spot an edge in standing out within a densely packed bar scene.
As the venue is absentee operated, it could benefit from a hands on owner-operator with hospitality industry experience, and potentially, extended hours. The bar’s strong following for its energetic nightlife, themed entertainment, and diverse drink selection opens up multiple avenues for growth -ranging from hosting larger-scale events to expanding hours or partnering with local brands and artists. With its distinctive vibe and loyal crowd appeal, the venue is well-positioned to tap into the area’s dynamic, socially driven clientele and evolving nightlife trends.
This 2,278 square foot location will lease for $4.5k per month on a new 5 year lease with one 5 year option to extend. All of the venue’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. An estimated $3k in inventory will be sold at cost at close in addition to purchase price. The venue boasts a recent $350k remodel, with full plumbing and electrical being renovated down to the studs. The facility owns its pool table and ice machine, and has a walk-in keg cooler, 16 beers on tap, 9 flat screen TVs, 7 high top tables and 2 booths. The juke box is on a 50% split.
Nearby venues often attract patrons with themed nights, pool tables, and late-night hours, appealing to the same crowd looking for a laid-back yet social atmosphere. However, many competitors lack the combination of consistently rotating events, upscale touches, and wide drink selections, giving this spot an edge in standing out within a densely packed bar scene.
As the venue is absentee operated, it could benefit from a hands on owner-operator with hospitality industry experience, and potentially, extended hours. The bar’s strong following for its energetic nightlife, themed entertainment, and diverse drink selection opens up multiple avenues for growth -ranging from hosting larger-scale events to expanding hours or partnering with local brands and artists. With its distinctive vibe and loyal crowd appeal, the venue is well-positioned to tap into the area’s dynamic, socially driven clientele and evolving nightlife trends.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,364 SF
Building Class
C
Year Built
1951
Price
$1,388,940 CAD
Price Per SF
$587.54 CAD
Building Height
1 Story
Building FAR
0.56
Lot Size
0.10 AC
Zoning
Commercial - Commercial
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7076-001-016 | Improvements Assessment | $484,680 CAD |
| Land Assessment | $410,114 CAD | Total Assessment | $894,795 CAD |
PROPERTY TAXES
Parcel Number
7076-001-016
Land Assessment
$410,114 CAD
Improvements Assessment
$484,680 CAD
Total Assessment
$894,795 CAD
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The Glen Bar | 12414 Carson St
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