Ignite FB Tracking Pixel8689 9th Street, Rancho Cucamonga, CA 91730 - Blanca Portillo
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listing
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CommercialSold
List Price $3,500,000
Sold Price $3,250,000
8689 9th Street
Rancho Cucamonga, CA 91730
Listed by LEE SPENCE DRE#00954487 [email protected] Daum Commercial Re Services
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$18,166/mo

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.

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Information courtesy of Daum Commercial Re Services is subject to verification and is not guaranteed.
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