197 E 2nd St

197 E 2nd Street sits at the epicenter of the Pomona Arts Colony, one of the Inland Empire’s most established and high-traffic cultural districts. The area seamlessly blends arts, commerce, education, and urban living, creating a built-in audience for entertainment and experiential uses. The location benefits from consistent foot traffic driven by the iconic Second Saturday Art Walk, multiple galleries, the Latino Art Museum, the American Museum of Ceramic Arts, and nearby landmarks including the Fox Theater and the Glass House. Surrounded by antique row, restaurants, cafés, and nightlife, the property is strategically positioned within a vibrant, year-round destination environment.197 E 2nd Street is one of a kind four-concept restaurant and entertainment venue offered together with the 17,300 SF building it operates in.​ This is a sale of both the operating business and the real estate, located in the heart of Downtown Pomona's Arts Colony, one block from the Metrolink station and adjacent to Western University of Health Sciences.​ The Cosmo is a growing business, not a turnaround.​ Gross sales rose from $1,370,138 in 2024 to $1,751,351 in 2025, a 27.8 percent increase, with 2026 tracking above $2 million.​ Over the same period guest count grew 22 percent and average ticket climbed 37 percent.​ The four floors run as four independent revenue streams under one roof, sharing kitchen and bar infrastructure: Cosmo Ultra Lounge (the namesake concert and event floor), Old Skool Café, The Cosmo main restaurant and bar, and Cefishe, the only mariscos speakeasy in Pomona.​ The building was rebuilt top to bottom in 2025 with more than $1,000,000 in capital improvements across all four levels, including a 20-foot LED video wall, a steel-framed performance stage, a 40-tap draft system, new refrigeration at all bars, and new HVAC throughout.​ The buyer inherits a renovated, operating asset, not deferred maintenance.​ A Type 47 liquor license is included, allowing operation of up to five bars.​ The structure is the differentiator.​ $3,500,000 in seller financing is available, interest only, 5-year term at 5 percent.​ Because the transaction conveys both the business and the building, it is SBA-eligible for a qualified owner-operator, broadening the buyer pool well beyond all-cash.​ The property also sits within a Federal Opportunity Zone, adding capital gains treatment for an investor buyer.​ Offered at $6,950,000, or $402 per square foot, with full point-of-sale performance summaries available on request.​