Sold

Closed

8689 9th Street

Rancho Cucamonga CA, 91730

$3,250,000


$168.75 per sqft

Sold

Closed

19,259 sqft

Commercial

Built in 1945

Listed by LEE SPENCE with DAUM COMMERCIAL RE SERVICES 909-652-9044

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.

IV22165006

MLS ID

July 27, 2022

Listed

November 22, 2024

Updated

Map

8689 9th Street
Rancho Cucamonga CA, 91730

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.8 Acres


Lot Features

Corner Lot

Other Property Details

Area Name

688 - Rancho Cucamonga


Days on Market

98


Garage

No


View

No


County

San Bernardino


Water Source

Public


Pool

No

Listing History

Date

Event

Price

5/18/2023

Sold

$3,250,000

Listing Contact: 909-980-1234 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 11/22/2024 at 5:18 PM UTC

 

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