Commercial Sale for sale in Rancho Cucamonga, California, IV22165006

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.

Primary Features

County: San Bernardino

Price Reduction Date: 2022-09-23T15:24:48+00:00

Price/SqFt: 168.75

Property Sub Type: Retail

Property Type: Commercial Sale

Year Built: 1945

Interior

Building Area Units: Square Feet

Condo Area Units: Square Feet

Laundry Features: None

Stories Total: 1

External

Lot Size Source: Assessor

Minimum Total Area Units: Square Feet

Water Source: Public

Location

Country: US

MLS Area Major: 688 - Rancho Cucamonga

Additional

Additional Parcels: no

Building Status: Existing

Days On Market: 98

List Agent State License: 00954487

List Office State License: 01129558

Max Total Area Units: Square Feet

Parcel Number: 0207262580000

Financial

Special Listing Conditions: Standard

Zoning Info

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Rancho Cucamonga CA home offered at $3,500,000