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The Cosmo - The Premier Entertainment Venue 197 E 2nd St 17,300 SF Retail Building Pomona, CA 91766 $9,761,692 CAD ($564.26 CAD/SF)
Investment Highlights
- $6,950,000 asking price, $402/SF, business and real estate in one transaction
- $3.5M seller carry, interest only, 5 years at 5%. SBA-eligible for an owner-operator
- Type 47 liquor license and FF&E included, up to five bars permitted
- Gross sales up 27.8% in 2025, tracking above $2M in 2026, third consecutive year of growth
- $1,000,000+ in 2025 capital improvements across all four levels, no renovation to underwrite
- Federal Opportunity Zone, 3-minute walk to Metrolink, adjacent to Western University of Health Sciences
Executive Summary
197 E 2nd Street is a 17,300 SF multi-concept entertainment venue in Downtown Pomona's Arts Colony, offered with the operating business in one transaction. Asking $6,950,000, or $402/SF. This is a sale of the business and the building, not the real estate alone.
The building was rebuilt in 2025 with more than $1,000,000 in capital improvements across all four levels, plus $200,000+ in professional A/V systems. Four concepts operate under one roof sharing kitchen and bar infrastructure: Cosmo Ultra Lounge (top-floor concert and event space), Old Skool Café (third floor), The Cosmo main restaurant and bar (street level), and CeFishe, a mariscos speakeasy on the lower level. A Type 47 liquor license conveys, allowing operation of up to five bars. FF&E included.
The business is growing, not a turnaround. Gross sales rose from $1,370,138 in 2024 to $1,751,351 in 2025, up 27.8%, with 2026 tracking above $2 million. Guest count grew 22%, average ticket climbed 37%, and private event revenue increased 62.5% year over year. No single revenue category exceeded 40% of 2025 net sales.
Location is a 3-minute walk to the Pomona Downtown Metrolink station and one block from Western University of Health Sciences and its 3,724 students. Cal Poly Pomona and its roughly 30,000 students are 3.5 miles away. The property sits in a Federal Opportunity Zone. Zoning is C3 with an existing CUP for Type 47 liquor and entertainment.
Seller financing of $3,500,000 is available, interest only, 5-year term at 5%. Because business and real estate convey together, the deal is SBA-eligible for a qualified owner-operator.
The building was rebuilt in 2025 with more than $1,000,000 in capital improvements across all four levels, plus $200,000+ in professional A/V systems. Four concepts operate under one roof sharing kitchen and bar infrastructure: Cosmo Ultra Lounge (top-floor concert and event space), Old Skool Café (third floor), The Cosmo main restaurant and bar (street level), and CeFishe, a mariscos speakeasy on the lower level. A Type 47 liquor license conveys, allowing operation of up to five bars. FF&E included.
The business is growing, not a turnaround. Gross sales rose from $1,370,138 in 2024 to $1,751,351 in 2025, up 27.8%, with 2026 tracking above $2 million. Guest count grew 22%, average ticket climbed 37%, and private event revenue increased 62.5% year over year. No single revenue category exceeded 40% of 2025 net sales.
Location is a 3-minute walk to the Pomona Downtown Metrolink station and one block from Western University of Health Sciences and its 3,724 students. Cal Poly Pomona and its roughly 30,000 students are 3.5 miles away. The property sits in a Federal Opportunity Zone. Zoning is C3 with an existing CUP for Type 47 liquor and entertainment.
Seller financing of $3,500,000 is available, interest only, 5-year term at 5%. Because business and real estate convey together, the deal is SBA-eligible for a qualified owner-operator.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
17,300 SF
Building Class
C
Year Built/Renovated
1925/2014
Price
$9,761,692 CAD
Price Per SF
$564.26 CAD
Tenancy
Single
Building Height
4 Stories
Slab To Slab
11’
Building FAR
0.70
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C3, Pomona - Mixed Use, conditional use permit for liquor type 47, entertainment
Parking
22 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
180’ on 2nd St, Locust, 1st St
Amenities
- Bus Line
- Conferencing Facility
- Metro/Subway
- Mezzanine
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8335-009-015 | Improvements Assessment | $5,034,057 CAD |
| Land Assessment | $2,157,453 CAD | Total Assessment | $7,191,510 CAD |
Property Taxes
Parcel Number
8335-009-015
Land Assessment
$2,157,453 CAD
Improvements Assessment
$5,034,057 CAD
Total Assessment
$7,191,510 CAD
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The Cosmo - The Premier Entertainment Venue | 197 E 2nd St
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