Rancho Cucamonga, CA 91730,8689 9th ST
Rancho Cucamonga, CA 91730,8689 9th ST
Rancho Cucamonga, CA 91730,8689 9th ST
11
$3,250,000
$3,500,000
7.1%
Est.Price: ?

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19,259 SqFt

8689 9th ST Rancho Cucamonga, CA 91730

Est. payment /mo
SOLD DATE : 02/08/2023

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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

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CRMLS Plus
Listed by DAUM COMMERCIAL RE SERVICES
Bought with MGR REAL ESTATE, INC.
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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