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40645 Village Dr
For Sale $1,400,000
$1,400,000
- 3 Units
- Unknown Sq Ft
- 9,249 Sq Ft
- Unknown Cap Rate
Description
Video Tour: https://youtu.be/v2VSJEeYlyE?si=szol10ughG2tlTcS Fully Leased Village Investment with Entitled Expansion to Double Income
40645 Village Drive presents a rare opportunity to own a turnkey, income-producing property in the heart of Big Bear Lake’s bustling Village district—with shovel-ready plans to double its earning power.
The ±3,190 SF mixed-use building is fully leased, featuring a popular ground-floor delicatessen that attracts steady local and tourist traffic, and a well-appointed two-bedroom, two-bath residential unit upstairs.
Included is an adjacent, fully entitled vacant lot with approved building plans for a second structure mirroring the original—complete with ground-floor retail space and two upper-level, two-bedroom apartments. Once built, the new structure is projected to nearly double the property’s rental income, creating significant upside for investors.
Located directly on the Village’s main commercial corridor, the property offers exceptional visibility and year-round foot traffic, surrounded by boutique shops, restaurants, lodging, and recreational amenities. This is a chance to secure a prime, high-performing asset in one of Southern California’s most desirable resort markets—with expansion potential already in place.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,400,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1966 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0308137130000 |
| MLS # | CV25185485 |
| Property ID | 322088451 |
| Lot Sqft | 9,249 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 187 |
| Original List Price | $1,350,000 |
| Date Updated | February 13, 2026 |
| Date Created | August 15, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Giorgio Touma an agent of . Lic #02188974
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 13, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT