For more information regarding the value of a property, please contact us for a free consultation.
8689 9th ST Rancho Cucamonga, CA 91730
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $3,250,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 19,259 sqft
Price per Sqft $168
MLS Listing ID IV22165006
Sold Date 02/08/23
HOA Y/N No
Year Built 1945
Lot Size 2.800 Acres
Acres 2.8
Property Sub-Type Retail
Property Description
The classic, original, and now only, Cask and Cleaver, restaurant is on the market for the 1st time. Be the landlord of this piece of history. The property is 2.8 acres in one parcel, and has 3 appurtenant buildings. The original restaurant building is on the corner, a small historic building now only used for storage is just north of that and a 2 story office and warehouse building now used as corporate offices and a auto repair type use as a sub tenant is north of that. The Cask corporation leases the entire property for $15,582 / mo with 4% annual increases through Nov of 2025. The rent is very low.
The property has excess land for development. The new city zone describes a mixed use plan with 70% for office and retail and 30% for residential. This lot could someday house the iconic restaurant and possibly medical, dental offices, event hall for weddings, or your unique retail operation and in a mixed use development with apartments. This is a sleep well at night type investment. The restaurant is very popular and will enjoy a profitable niche in the marketplace for many years to come, and given the rate of Rancho Cucamonga buildout .. buildable land is getting ever more scarce and will therefore retain its value and appreciate nicely.
Location
State CA
County San Bernardino
Area 688 - Rancho Cucamonga
Interior
Laundry None
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
SIGN ON PROPERTY 1
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Lee c Spence
SHOW CONTACT PH 9099698800
SHOW INSTRUCTIONS The restaurant is open for business. The best way to see the property is to stop in for lunch. to see inside the other buildings after that, call Lee Spence at 909 969-8800. or Kevin Frejlach at 909 225-5592. e-mail to lee.spence@daumcommercial.com
Read Less

Bought with MGR REAL ESTATE, INC.