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