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8689 9Th St, Rancho Cucamonga, CA 91730
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8689 9Th St Rancho Cucamonga, CA 91730

$3,250,000 Sold Price as of 02/08/2023
  • -- Beds
  • -- Baths
  • 19,259 Sq.Ft.
Sold
$3,250,000 Sold Price as of 02/08/2023 Refinance Your Mortgage
Map preview of 8689 9Th St, Rancho Cucamonga, CA 91730

Property Overview: 8689 9Th St Rancho Cucamonga, CA has -- bedrooms, -- bathrooms, 19,259 living square feet and 121,968 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by LEE SPENCE | BRE #00954487 | DAUM COMMERCIAL RE SERVICES
Last checked: 8 minutes ago | Last updated: March 24th, 2023 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
121,968
HOA Dues
$0/mo
Year built
1945
Garage
--
Property Type:
Retail
Status
Sold
MLS#
IV22165006
City
Rancho Cucamonga
County
San Bernardino
Time on Site
660 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8689 9Th St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 0207262580000
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: NE corner of Madrone and 9th St.
View more facts & features

Local Rancho Cucamonga Agent

Sale History for 8689 9Th St

Last sold for $3,250,000 on February 8th, 2023

  • February, 2023

  • Feb 8, 2023

    Date

    Sold

    CRMLS: IV22165006

    $3,250,000

    Price

  • Jul 27, 2022

    Date

    Active

    CRMLS: IV22165006

    $3,900,000

    Price

  • May, 2021

  • May 28, 2021

    Date

    Active

    CRMLS: TR21114769

    $4,300,000

    Price

  • Listing provided courtesy of CRMLS

    The historic, original, classic, Cask 'n Clever restaurant property is for sale for the 1st time. Irreplaceable ambiance. The property is 2.8 acres of land with 3 buildings, the restaurant building of +/- 8,500 sq. ft., an storage building, +/- 3,156 sq. ft. and an office / warehouse building of +/- 7,500 sq. ft.. The sq. footage needs to be verified. The property is leased until late 2025 and the tenant pays $14,400 / mo. (please do not disturb the tenant). This property would make an ideal micro brewery or winery and restaurant. The city is in favor of a mixed use development including a high end condo and or apartment development on the excess acreage. This is a rare chance to own a piece of Rancho Cucamonga history!

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Tax History for 8689 9Th St

Assessed Value (2020): $272,191
Year Land Value Improved Value Assessed Value
2020 $151,637 $120,554 $272,191

Home Value Compared to the Market

This property vs the competition

8689 9Th St sold on February 8, 2023 for 360.53% higher than the current median sold price for the city of Rancho Cucamonga which is $760,000. The median sold price per/sqft for Rancho Cucamonga is $445 and this home is sold at $181.73 per/sqft which puts the price per square foot 59.16% lower than the current median sale per square foot for the city of Rancho Cucamonga.

About 8689 9Th St

Detailed summary of property

8689 9Th St is a retail that recently sold in Rancho Cucamonga, CA 91730. This retail property offered -- bedrooms, -- bathrooms, roughly 19,259 living square feet, and sits on an approximately 121,968 square foot lot. 8689 9Th St was first listed on ArdentRealEstateGroup.com on July 27, 2022. The homeowner sold the property for $3,250,000. Home in Rancho Cucamonga are selling for a median price of $760,000 and a median price per square foot of $445. Based on Ardent Real Estate Group's Rancho Cucamonga Market Data, this home is sold 360.53% higher than the current median priced home. Local homes that are currently for sale include 7172 Melrose Ave. While the average home in Rancho Cucamonga, CA is selling in 50 days, 8689 9Th St has a days on market of 98 days. There are currently 257 homes for sale in the Rancho Cucamonga real estate market and 195 of them are single family homes while 49 of them are condos and 12 are townhomes. For more information on this home for sale at 8689 9Th St Rancho Cucamonga, CA 91730 contact Ardent Real Estate Group and we will put you in touch with one of our Rancho Cucamonga agents.

Public Facts for 8689 9Th St

Public county record property details
Beds
--
Baths
--
Year built
1945
Sq. Ft.
6,915
Lot Size
121,968
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
0207-262-58-0000

The source for these homes facts are from public records.

91730 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,000
Median List Price/Sq.Ft.
$429
Median Sold Price
$635,000
Median Sold Price/Sq.Ft.
$435
Total Inventory
83
Median Sale to List Price %
97.71%
Avg Days on Market
16
Loan Type
Conventional (58.33%), FHA (5.56%), VA (8.33%), Cash (19.44%), Other (8.33%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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